Why consider a longer mortgage amortization (up to 40-years)
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@flagship21 renting may not be a bad idea however you have nothing to show for it in twenty years. Put your money into pensions,...
UglyBetty70 1 year ago
there is nothing wrong with renting. People are brain washed into owning property.
flagship21 2 years ago
Or, you could invest your money (after having read the tax law for your area) and get a much higher (real) interest rate without having all your eggs in one basket (or living in you egg basket). Run the numbers.
Don't let the mortgage broker do the math though, understand how things work and do it yourself.
rumBoiSask 3 years ago