The way you set up your mortgage payment can have a bigger impact than you might think. Today on Homeowner AF, I break down what’s actually included in your mortgage payment, including the different payment options available to first-time home buyers in Ontario. Tune in to learn how the right mortgage payment strategy can save you thousands and accelerate your path to building equity.
In this episode, you'll learn:
- Why your mortgage payment frequency matters and how accelerated bi-weekly payments can help you pay off your mortgage sooner
- What's actually included in your mortgage payment and how property taxes may be collected by your lender
- The difference between fixed, variable and adjustable rate mortgages
- A simple but often overlooked tip that could save you money by avoiding unnecessary charges hidden in your mortgage commitment
- What questions to ask before signing your mortgage documents so your mortgage supports your long-term homeownership goals
If you found this episode helpful, please leave a like! For those of you getting ready to buy your first home, renew your mortgage, or simply want to better understand your options, book a free call with me at www.Bricallme.com for advice tailored to your situation. I’ll see you next week!
Specific Questions? Ready to get started?
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