When going through the details of a mortgage, many clients are frequently surprised that they have so many different options for payment frequency. Most assume you can only pay monthly or bi-weekly, but there are actually a bunch of different options available. [box border=”full”] Monthly (12 payments per year): You all know this one –… Continue reading Payment Frequency
Tag: interest
Compound Interest: Unraveling the Mystery
Article courtesy of MCAP. “If you start saving early in life, the power of compound interest will allow you to retire comfortably.” This is what financial planners tell young Canadians. And it’s true. But what is compound interest? The most basic definition is that compound interest is interest on interest. If you have an… Continue reading Compound Interest: Unraveling the Mystery