pharmer1
Mar 22nd, 2009, 06:28 PM
Hi guys,
I'm a long time reader/lurker, first time poster.
Here is my situation: I'm a student who is graduating in 2 weeks. I have $35000 remaining on my mortgage which is up for renewal in 3 weeks. I will have the income to pay off the mortgage in 1-2 years.
My question: what is the least expensive way to pay off my mortgage. I'm thinking of switching my mortgage to an open variable for prime + 1-2% (i.e. Scotia bank flex mortgage or CIBC open variable mortgage or having my bank BMO match the deal).
I'm a first time home owner and educating my self about mortgages and personal finance. Any advice is much appreciated
TIA,
Pharmer1 :)
I'm a long time reader/lurker, first time poster.
Here is my situation: I'm a student who is graduating in 2 weeks. I have $35000 remaining on my mortgage which is up for renewal in 3 weeks. I will have the income to pay off the mortgage in 1-2 years.
My question: what is the least expensive way to pay off my mortgage. I'm thinking of switching my mortgage to an open variable for prime + 1-2% (i.e. Scotia bank flex mortgage or CIBC open variable mortgage or having my bank BMO match the deal).
I'm a first time home owner and educating my self about mortgages and personal finance. Any advice is much appreciated
TIA,
Pharmer1 :)