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Boost Your Retirement Savings with Interest Only Mortgages!

Borrowers can buy a home or refinance into this mortgage and pay just interest. Unless you make pre-payments, the balance never changes. Which means you owe the same amount on the house as you did before.

Step 1: Get a low-cost, interest-only mortgage to slash your monthly payments.

Step 2: Invest that payment savings in your RRSP.

Step 3: Use the tax refunds resulting from these RRSP contributions to make a prepayment on your mortgage each year.