Mortgages seems to be one of those issues that can be easily misunderstood by homeowners and those looking to buy a house. In this video we break it down and make it easy for you to understand…

I’m sure you’ve heard “Oh! my goodness I need to buy a home because that’ll save me money on my taxes,” that’s true sometimes.

However, please do not fall into the category of people that do not read their mortgage statements, do not look at their mortgage agreements. 

Here’s the scope: there are several kinds of loans, the bank wants you to invest more in your house than they have.

The reality is that it is unfortunately case by case and you have to look at it. For example I have a friend who made up draft tax returns for a couple of years to see if owning a home would actually save her money! And what did she discover?

She discovered that it would not save her any money at all…