Sunday, July 06, 2008

What should you do with your Tax Refund?

Grab the mortgage by the horns - If you bought a home in the past while, there's a no-brainer answer to the question of what to do with this year's tax refund. Pay down your mortgage. It's the smart move at a time when house prices are sky high and buyers are increasingly relying on long-amortization mortgages that go way beyond the once-standard 25 years. Making a lump-sum mortgage payment is one of those things people mean to do, but don't often get around to doing. This should be your first priority with your refund.

More advice: http://www.mississauga4sale.com/OREA/16-Pay-down-your-mortgage-faster.htm

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Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


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