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