Canadians Paying Down Mortgages Early
November 30th, 2011
Did you know that the average amortization period for CMHC insured mortgages is LESS than 25 years?! That the average outstanding loan amount for homeowners is $159,740?! Canadians are working hard to pay down those mortgages early; with various repayment options out there, including accelerated payments, pre-payments and more, many homeowners are going the "old-school" route of trying to g ...