How is a mortgage payment calculated? It’s based on three things: how much you borrow, your rate, and how long you take to pay it back. Want to know what your payment would be? Let’s chat and I’ll do the math for you! 👩🏼‍💻 Colleen 📞 236•638•3315 #mortgageeducation #mortgagetips #canadianhomebuyers #mortgagesimplified #mortgagebroker | Mortgages by Colleen Haslett

Planning overpayments into your mortgage can be a strategic way to save on interest costs and pay off your mortgage faster. Here's a step-by-step guide on how to do it: 1. **Understand Your Mortgage Terms:** - Before you start making overpayments, review your mortgage agreement. 2. **Calculate How Much You Can Overpay:** - Determine how much you can comfortably afford to overpay each month or year. 3. **Choose a Strategy:** - There are two common strategies for making overpayments: - **Regular O