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Invest your money where it is going to pay you
the most. And
in many cases, that is in your mortgage in Canada.
For example, if you have to pay 7% on your mortgages
in Canada, there is no sense in investing in a GIC that
only earns you 5%. The
wiser investment would be to invest the GIC amount into
your mortgage, saving 7% and avoiding the 2% shortfall.
For people living in Alberta, visit our home page to apply
with our Alberta
mortgage broker.
Keep in mind that loan
in Canada interest on
your primary residence is paid with after tax dollars.
Income tax is first deducted from your gross employment
earnings and then home
equity loan Canada interest payments are
paid out of your remaining disposable income.
Given that mortgage
center Canada payments are paid
with after tax earnings, investment into your mortgage
results in substantial savings and excellent returns on
investment.
For the lowest
mortgage rate in Canada, click
here.
Another
article of interest is mortgage
broker in Ontario.
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