Book An Appointment: Search Listings and Sold Prices For FREE: DOWNLOAD Our FREE Guide For Buyers and Seller: ChatGPT Prompt: I am looking to do a lump sum on my mortgage. My bank allows a (Insert pre payment % limit) pre payment every year without penalty. Balance: (Insert Balance) Interest Rate: (Insert current Interest Rate) Until (insert interest rate term) Amortization Left: (insert Amortization left on mortgage). Can you let...
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ChatGPT Prompt:
I am looking to do a lump sum on my mortgage. My bank allows a (Insert pre payment % limit) pre payment every year without penalty.
Balance: (Insert Balance)
Interest Rate: (Insert current Interest Rate)
Until (insert interest rate term)
Amortization Left: (insert Amortization left on mortgage).
Can you let me know what my maximum lump sum would be and how much it would save me in this mortgage term + the life of the mortgage and the years it would take off the amortization.
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The opinions expressed herein are solely that of Tom Storey, not Royal LePage or the TRREB and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce breach of an existing agency agreement. This is not financial advice.
