For the average Canadian, buying a home is impossible without the financial vehicle of a mortgage, and through the ensuing contract, they’re able to pay for a property in exchange for monthly payments, plus interest.

Do you dream of one day owning your own home, but worry that a poor credit score will make your dreams unattainable? Fortunately, even if you do have bad or bruised credit, there is a potential solution, and while there aren’t as many mortgage options out there for those with a poor credit score, there are some.

There are several ways in which homeowners can try and pay off their mortgage quicker, and some tend to be more successful than others. While a lot will depend upon your own personal and financial circumstances, here are 3 ways that might help you pay off your mortgage quicker:

For Canadian homeowners on their first mortgage, the term ‘mortgage refinancing’ might be a commonly heard one, and it refers to homeowners securing another loan to pay off their original mortgage.

While working with an experienced mortgage broker to help you find a great deal on a mortgage in Calgary is always a smart idea, there are a number of other things you can do to ensure that you get the best mortgage for your circumstances