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Canadians are paying off mortgages faster

General Angela Calla 7 Feb

According to the Canadian Association of Accredited Mortgage Professionals, over the past 20 years mortgage repayment periods have shrunk to two-thirds of the actual contracted period. Furthermore, during the past year – a time when household debt has soared to a record high – 32 per cent of borrowers have managed to dramatically accelerate their mortgage payment schedules. Yes you read that right!

Want to have a plan to pay our mortgage off faster as a first time buyer, moving up the property ladder, mortgage refinance, mortgage renewal contact our team directly at 604-802-3983 or  it comes courtesy with every mortgage we do.

Thanks for visiting

Angela Calla, AMP

Dominion Lending Centres

Host of The Mortgage Show Saturdays at 7pm on CKNW AM980