Quote:
Originally Posted by Muta
That's what I'm doing. Every bit I can spare I'm just throwing it onto the available pre-payment. I could invest it in a GIC and make a small amount on that and use it to help pay down the principal when the mortgage expires, but I'm all about the peace of mind and doing it now. Try owning on your own too - it sucks major ass!
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It's one thing to beat the market and try to stay ahead of inflation, but for me personally, I'm aiming more for long term cash flow.
I aim to be mortgage free in 10 years or less. Save that $10-20K in interest payments annually along with no more mortgage payments. Unlocking $40K of cash every year would get rid of so much stress.