KM

Krishna Menon

Mortgage Agent

Get Started


    With a little bit of thinking ahead, and a small bit of sacrifice, most people can manage to pay off their mortgage in a much shorter period of time by taking positive steps such as:

    • Making mortgage payments each week, or even every other week. Both options lower your interest paid over the term of your mortgage and can result in the equivalent of an extra month’s mortgage payment each year. Paying your mortgage in this way can take your mortgage from 25 years down to approximately 21.
    • When your income increases, increase the amount of your mortgage payments. Let’s say you get a 5% raise each year at work. If you put that extra 5% of your income into your mortgage, your mortgage balance will drop much faster without feeling like you are changing your spending habits.
    • Mortgage lenders will also allow you to make extra payments on your mortgage balance each year. Just about everyone finds themselves with money they were not expecting at some point or another. Maybe you inherited some money from a distant relative or you received a nice holiday bonus at work. Apply this money to your mortgage as a lump-sum payment and watch the results.

    By applying these strategies consistently over time, you will save money, pay less interest and pay off your mortgage years faster!

    Let’s stay connected!

    Get my personal letter every month for exclusive money saving tips and home-ownership insights.

      Menon Financial Solutions,
      55 Ontario Street South,
      Milton, ON L9T 2M3, Canada

      Tel: 905-875-4428

      Powered by DLC Top Producers Inc. FSRA #12214

      Independently Owned and Operated