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 MonsterMortgage.ca has continuously preached to our happy clients (CLICK HERE for details on this topic from our Winter 2009 newsletter).

The Big Banks strongly dislike helpful advice such as this as these strategies help people get out of debt faster - costing you much less in interest fees - and steers you away from investing in mutual funds - taking away from the bank's comissions and management fees.

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.

No mutual funds can guarantee a return - much less match the return on paying down your mortgage to zero.

Let's see your banker respond to that.