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Why consider a longer mortgage amortization (up to 40-years)

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http://www.mortgagemensch.ca/C... argue that you will pay more interest with a longer amortization. This video talks about the benefits and why people are taking longer mortizations

Channel: News & Politics
Uploaded: October 4, 2007 at 8:41 pm
Author: MortgageMensch

Length: 04:08
Rating: 4.00
Views: 281

Tags: 40-years  amortizations  Canada  David  Grossman  Hill  longer  Mensch  Mortgage  Richmond  Toronto  

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rumBoiSask (March 30, 2008 at 5:15 pm)
Or, you could invest your money (after having read the tax law for your area) and get a much higher (real) interest rate without having all your eggs in one basket (or living in you egg basket). Run the numbers.Don't let the mortgage broker do the math though, understand how things work and do it yourself.
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