Pembroke, Petawawa and Renfrew County real estate and homes for sale in Ontario - The Drew Scott Team, REALTORS® The Drew Scott Team REALTORS(r) for Pembroke, Petawawa and Renfrew County, Ontario real estate - NUMBER1EXPERTS™ The Drew Scott Team NUMBER1EXPERTS(tm) for Pembroke, Petawawa and Renfrew County, Ontario real estate
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The Drew Scott Team, REALTORŪ, real estate agents and broker for Pembroke, Petawawa and Renfrew County Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)






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Real Estate Tips
Financing Your Home >Home Free

Conventional wisdom says, "Don't pay off your mortgage early." Are you foolish to consider an early payoff? Absolutely not! By adding just $50 to $100 to your mortgage payment every month, you can save thousands of dollars in interest, pay off your loan quicker, and eliminate a major monthly expense.

The argument usually given against paying off a mortgage early is that you can make investments with your extra cash, such as mutual funds, stocks or bonds, which pay higher returns. This approach enables you to take the mortgage interest deduction and have easy access to your money, in case you need it. These are all definite pluses, but are not guaranteed savings results.

Any extra income which an investment might generate above your home equity appreciation can be offset by a bad year in the investment market. Investment earnings can virtually eliminate the income tax advantage of your mortgage interest deduction, since stocks and bonds are likely to generate a fair amount of dividends, interest income and capital gains.

It isn't as simple as conventional wisdom--consult a financial expert.

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Real Estate Trivia
Q 
Where is the world's oldest castle located?

A 
The castle at Gomdan, Yemon, dating from before A.D. 100, is considered the oldest castle; it originally had 20 stories.
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The Drew Scott Team, REALTORŪ, real estate agents and broker for Pembroke, Petawawa and Renfrew County Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)

The Drew Scott Team
RE/MAX Pembroke Realty Ltd.

182 Pembroke Street East
Pembroke, ON Canada K8A 3J7
Phone #: 613-732-3601
613-735-8188
866-735-8188
Fax #: 613-732-0999
Email: Drew@DrewScottHomes.com

The Drew Scott Team has experience in all aspects of Real Estate. Our unique approach guarantees your needs are handled professionally and timely. The Drew Scott Team specializes in serving Petawawa, Pembroke and Renfrew County. Always putting you first!

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