Pay it Down Faster

Maybe this is your first mortgage, maybe it's not, but here are 4 easy to use strategies for paying off your mortgage faster:


Pay a little extra each month
Try adding an extra amount to your regular mortgage payment each month. You might not think so, but even a small amount of $20 or $30 per payment adds up over time. Over the average life of a loan, that little amount can literally save you thousands.

Use raises and bonuses wisely
If you get a bonus from work, or an annual raise, then apply that difference to your mortgage. Earmark those increases in your annual or monthly revenue for paying down your mortgage, and you won't even miss it. The extra funds will go a long way to reducing the principal mortgage debt.

You can't go wrong when you double down
One of the most dependable ways to pay off your mortgage debt faster is to double-down on your mortgage payments. Paying double the mortgage amount, even just four times per year
can add up to months or even years off the amortization.

Put a tax refund to good use
If you're getting a tax refund this year, try using it to pay down your mortgage. When it comes time to renew you'll be thankful for all those lump-sum prepayments. There's no doubt about it - it is simple math at the end of the day. Stop focusing on the rate and pay closer attention to prepayment options. Remember, to save yourself from prepayment penalties, read your
mortgage document or
talk to your mortgage
broker.

A Fresh Start

Spring brings a welcome change of pace: the weather is becoming more agreeable and being outdoors is downright delightful. Why not try getting outside a little more, and adding a little bit of exercise to your day?

With the days longer and the weather warmer, it's the perfect time to take a stroll. Boosting your heart rate for just 20 minutes a day will have a positive impact on your health - physically and mentally.

For a change of pace try this: Take a brisk 20-minute
walk around the neighbourhood,
walk to the corner store,
or even go for a light jog.

A Blast of Blueberry

In British Columbia alone, farmers produce nearly 77 million kilograms of blueberries each year. This berry is loaded with amazing nutritional value. Blueberries contain special antioxidants called carotenoids, flavonoids, and other antioxidant compounds like vitamin A, C, E, selenium, zinc, and phosphorus - all of which are super beneficial to your health. Here's a great blueberry smoothie recipe that's easy to make.

Blend the following ingredients:
1/2 cup of 1% milk.
1/2 cup plain yogurt.
1 cup frozen blueberries.
1 teaspoon honey.

What Our Customers
Have To Say

The process is very easy, quick, and stress free. Using Capital Direct was an easy process, and Manny was very helpful.
Timothy B., Oshawa, ON

The equity in your home is something that you've worked hard to build. Every month, Capital Direct helps Canadians just like you to realize their dreams. What about you? 'Let your house lend a hand' © Contact a Capital Direct mortgage specialist to discover your options.


April Sudoku



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Request our new booklet: Borrowing for Success


How to Borrow What You Need to Succeed Guide

Learn how you can use your home equity to your greatest advantage.
To receive your FREE copy of this informative new booklet, email us at yourteam@capitaldirect.ca with the subject line: “New Guide Request”. Please include your full name and postal address, and we'll send you a copy via Canada Post.

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