[darklord700]

Originally Posted by MillerTime GFG

Here's a calculator you can fool around with if you want to see some numbers: http://manulifebankmortgages.ca/manu...e/calculators/

OK I can see how it can work now in two situations. If you don't have stable income, you can make more payment when your income is high with AIO but not with a mortgage (althought the prepayment previlege kind of take care of this too.).

Or if you somehow need to keep a large amount of money in your bank account, you can use AIO so that the deposite reduces your HELOC interest which you can't do with a mortgage.