I read a great article on how to save 25k on your mortgage over 25 years.
Paying every 2 weeks vs monthly cuts a 25 year mortgage to just under 23 years which turned out to be roughly 25k savings on a a 300k mortgage.
Scud, you have made your opinions of me very clear throughout this entire thread for the public to read. Perhaps if you have more shots to take you can send me a PM. Ill get to it after im done assisting those on cp who do appreciate my service.
This thread was created after a thread stated that a high percentage of Canadians figured they would be debt free by a young age. This article either meant A a high percentage of Canadians believed a mortgage was not debt or they did not plan on taking out a mortgage.
Some mortgages put people in a positive cash flow situation with their investments, some write off a good chunk of their mortgage.
For the record I know a mortgage is debt and not a single person on this board would dis agree. The 20 or so percent that said no feel that their mortgage is on such a different scale of "debt" that they do not consider themselves to be in debt through day to day activities.
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