I have been always checking your websites on pointers and I learned so much on it.
Now I would like to ask regarding mortgage. I am due for renewal of mortgage (oct) and cant decide what to do so Im seeking your wisdom,
I have 100,000 left from my mortgage. and now being offered by my current bank to take 2.65% for a year. If I keep the same payment, my banker said I can finish it off in 6 to 7 years.
What I used before is paying a biweekly 650.00 but each month I paid a lumpsump of at least 500.
Now on my renewal, is it best to do the same thing again? Or I can save more if upfront, I decrease my mortgage length instead by paying making my biweekly payment of 900?