News from Canada's Mortgage Experts

David Aston provides some good investment advice in the May 2009 issue of MoneySense Magazine in his article, "Saving Your Retirement". He lists 10 steps to help people repair their retirement portfolios. Step 7 is called "Invest Smart"....and David references an investment strategy that mortgage brokers continuously preach to clients (CLICK HERE for details on this topic from our Winter 2009 newsletter). Banks hate us for this one because it helps people get out of debt faster and steers you away from investing in mutual funds. Here is what David writes, "if you still have a mortgage, your best investment is probably right under your feet. Bumping up your mortgage payments and paying off your house more quickly provides an after-tax return that few stocks or bonds can match." And remember the rate of return is GUARANTEED when you use your money to pay down your mortgage. Let's see your mutual fund promise that.