With interest rates at some of their all-time lows, if you are renewing your mortgage in the near future you might be saving money on your mortgage payments. Don’t think of this as free money, but instead a faster track to savings and long-term wealth growth. By re-investing this money in 1 of 2 ways, you could save yourself thousands of dollars in the long run.My mortgage payment is going down! I’m at the end of a 5-year fixed, 3.19% interest rate for my mortgage. On May 1, 2017 I’ll be renewing my mortgage for a new 5-year fixed term at 2.64%! My monthly mortgage payment will be going from …
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