Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Mortgage/Financial question, calling CP guru's

Slava · 02-06-2007, 01:24 PM

I don't see the advantage of re-writing this mortgage? One thing that it would almost certainly do is decrease the extra payment amount that you can put on to the mortgage (15% of a lesser amount now), and it would lock you into paying onto the mortgage as opposed to the extra $420 that you now pay onto the principal.

02-06-2007, 01:24 PM	#3
Slava Franchise Player Join Date: Dec 2006 Location: Calgary, Alberta Exp:	I don't see the advantage of re-writing this mortgage? One thing that it would almost certainly do is decrease the extra payment amount that you can put on to the mortgage (15% of a lesser amount now), and it would lock you into paying onto the mortgage as opposed to the extra $420 that you now pay onto the principal.