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Can i lower the amortization when i renew mortgage

 
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anonymous


Can i lower the amortization when i renew mortgage? Thank you for your help.
0     In Mortgage Cont.04

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    Level 7 - Professional
    MortgageEnder
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    ON Canada - you can definitely reduce the number of years. Your monthly payments would be higher than if you get the 25 years amortization. If you want to pay faster, you may want to use pre-payments and top up allowances instead while keeping the payments low. Congratulations on your becoming mortgage free faster.

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