Skip a mortgage payment?

Skip a payment?
If you were looking at getting a better return on your investment immediately with cash flow here is an option...
Most mortgage companies have the option of skipping a mortgage payment or 2 or even 3 in some cases. Some banks make it as simple as going online to your accounts and clicking a button. At the Royal Bank, for instance, you can simply go online to your Mortgage account and it will tell you how many mortgage payments you can skip. Then you just click a button and you’re done! Others places require a signature at the bank.
So, if you’re looking to get a larger cash return this year, check out the options on your investment properties and see if you can skip a payment. This does extend the time frame in which you pay off your mortgage and you will pay a bit more in interest but it’s an option.
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