Stocks, bonds and other liquid assets can be sold to make additional mortgage payments. (mortgagecalculator.biz)
Making additional mortgage payments will shrink the total amount of interest paid over the life of the loan, and the borrower will pay off the debt more quickly. (mortgagecalculator.biz)
«If it's strictly a financial decision, then typically high - income individuals in the top tax brackets are better to maximize their RRSP room before making additional mortgage payments,» says Lamontagne. (moneysense.ca)