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World's Easiest Mortgage Hack

This mortgage hack can be done by anyone with a mortgage that allows the increase of payments (as most Canadian institutions do). However, due to the fact that younger first-time buyers generally increase their wages faster than more mature owners, this plan can benefit them most of all.

This simple example of how to allocate increases in pay to your mortgage payment reduced Steve's first ever mortgage to 11 years total from 25. It also allowed him to upsize from a small condo to large townhouse in just 4 years.