Refinance

[Kakarat]

The market is also pretty different in the area im living in Canada. Especially in terms of base wages and housing prices.

Yup, Alberta does not have a problem with housing. Other than they are way overpriced lol. I work at a lumber company and have the benefits of employee discount for buying products. My dad is also a General Contractor and I have the know how to do a lot of the work myself. I bet I have 60-80k in sweat equity into this house. When I sold my first house(oct 2011) I pocketed $110,000 over top of lawyer fees and paying off the rest of my mortgage. I then reinvested a lot of that into the new/bigger house. I still have a mortgage running close to 3.2% interest set up to pay 4 payments a month. Only investing $240,000(ish) to complete this house. 1575 sq ft. plus finished basement. I could turn around and sell the thing for close to $480,000 (with the right buyer of course). I like to enjoy what I have worked so hard to build though.

Another note to housing, I know about 20 people that buy from Nelson Lumber that own property in Phoenix area. And I heard stories from them that they know a few others that have done the same!

Strife, my best advise is to even shop around for a nice low interest rate and always split your payments of your mortgage to as many the lender will allow. You may save anywhere from $50-500 on interest throughout the year. And that adds up over 15-25 years.