Quote:
Originally Posted by MJK
Hello, advice needed please.
I can get a 5 year fixed rate of 3.75%. Down payment of $11,000.
Basically I want to know what is the best, smartest way to do a mortgage. Should I do 25 years, 25 year amortization, make extra payments...?
Basically I am buying a home in Newfoundland but I will be staying in Nunavut for two more years. I want to pay off as much as possible in the two years as I can.
THanks!
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Are you then renting it out for two years? If so you can really take the bi-weekly payment advice and run with it.