Why you should get that mortgage off your books
Thank goodness the federal government stepped in this month and banned mortgages with a 40-year amortization.
To read the rest of the article that this is taken from go here, http://www.financialpost.com/story.html?id=665065
The article goes on the say that the writer is glad that 40 year am’s are gone as he does not want to still be making a mortgage payment in his retirement years. They also say to pay off your mortgage sooner you have to make bi-weekly payments instead of monthly. Although that will get you paid off sooner, I think that he is really missing the boat.
What my firm does is show families how to pay off their mortgage, all their debt and retire richer sooner. Now isn’t that the whole idea. I don’t want my house paid off at 50 with nothing in the bank. I showed a guy recently how to pay off his 25 year mortgage, his line of credit and all his credit cards in less than 9 years with out changing his current outgoing expenses. The kicker is that he can still retire in 20 years with a mid 6 figure retirement savings account. Now every situation is different and some may do better or others may take longer. The bottom line is that there is a better way, and it has been staring at us in the face for years. Contact my firm today so we can show you how to live freely with out debt.