Put extra money towards your mortgage - MoneySense

Put extra money towards your mortgage

Your return will beat anything you could get on a GIC or mutual fund.

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Your return will beat anything you could get on a GIC or mutual fund.

For instance, if you have a $250,000 25-year mortgage at 5% and you pay $200 a month on top of your regular payments, you’ll save $40,000 in interest and pay off your home 5 years sooner. Where else can you find a return like that?

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