Myth-Busting (Setup 01) #1: The Lowest Rate Cost Him the Most
[Hook]
The most expensive mortgage I've ever seen...
had the lowest interest rate.
Sounds backwards, doesn't it?
[Explain]
But after more than 20 years helping Canadians with their mortgages,
I've noticed something.
Almost every homeowner I meet starts in exactly the same place.
They spend weeks comparing rates, negotiating rates, and chasing the lowest rate
they can find...
...because they've been taught that's how you get the best mortgage.
And honestly, I don't blame them.
It's exactly what I would've done too if nobody had ever shown
me there was another way.
But here's where it gets interesting.
Two homeowners can have the exact same interest rate...
The exact same mortgage balance...
The exact same monthly payment...
...and one of them will become mortgage-free years sooner.
How?
It has very little to do with the rate.
It has everything to do with the structure.
[Illustrate]
Think about where your paycheque goes every payday.
For most people, it lands in a chequing account where it sits
until bills come out.
Meanwhile, interest is being calculated on the full mortgage balance every single
day.
Now imagine if that same paycheque immediately started reducing the balance that
interest is calculated on.
Same income.
Same monthly budget.
No extra payments.
Just smarter cash flow.
[Teach]
That's why I always tell my clients:
The interest rate is the sticker price.
The mortgage structure is the engine.
Stop shopping for the cheapest mortgage.
Start building the smartest one.
Comment STRUCTURE and I'll show you exactly how it works.
Or, simpler: "Follow me for more like this."