News from Canada's Mortgage Experts

There are some things at Monster that we constantly remind our clients about:

1. Always be loyal to yourself NOT your bank. It never ceases to amaze us how often clients will sign off on a mortgage contract or renew their mortgage with their bank just becuase they told them to.
   
2. Most people pay down their mortgage and bad debts with "after tax dollars". So if your mortgage payment is $1000 per/month you actually have to earn a lot more than that (up to 50% more) in order to make that payment...rembember you must first pay income tax before you can start to pay anything else.

This video is a great example of a client who took this advice to heart and did something about it. As a result, he is contributing $34,000 over the next five years to his bottom line and not his bank's.

For a free analysis on whether it pays to break your mortgage call 416.480.0234 or email me at Kristian@MonsterMortgage.ca.