What Mortgage Strategy Would Be Albert Einstein's Choice
Are you familiar with the various lists referred to as the "Seven Wonders of the World?" There are several, including "Seven Wonders of The Ancient World", " Seven Wonders of the Manmade World."
One of the world's greatest mathematicians referred to compound interest as the "Eighth Wonder of The World." He went on to say, if you understand it, you earn it, if you don't understand it, you pay it.
If he were around today, and he had a mortgage I suspect he would be inclined to consider a relatively unknown strategy nicknamed "The Power of the Pay Cheque." The mortgage product required to use your pay cheque to reduce interest on your mortgage is only available in a fully automated way through two banks in Canada. This would explain why it is not widely known.
"The Power of the Pay Cheque" is an advanced mortgage strategy that I share with clients that have "More Money than Month." When you have money left over at the end of the month, you would be a candidate that we would love to "Run the Numbers" with and see if you could shave years and thousands of dollars of interest off the cost of paying down and eliminating your mortgage.
Some of the clients I am working with are looking at paying off their mortgages in half the time they currently have on their mortgages. Give me a call or send me an email "john@canadianmortgagefinders.com" so we can have a look at saving you the maximum interest the math allows. All without having to change your lifestyle!
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