Strategic Investors must think differently to the average investor. While the average investor understands that income is important - they often miss that income can increase by lowering expenses.
As mortgages are often our highest expense, we need to be strategic in how we choose them, how we renew them and how we make them work in our favour. Imagine if you will, that you could pay $5,000 to get $25,000. I think if that was proposed to you - you'd take that deal! (I know I would). However, the non-stratgic investors doesn't seem to think that way in 'real life situations.' For instance an opportunity to pay a $5,000 mortgage pay-out penalty in order to save $25,000 on mortgage interest is often ignored by the non-strategic. (often using the pedestrian excuse of "It's not right I have to pay a penalty" or "The banks make enough, I'm not paying them a penalty" or some other lame excuse)
However those of us who understand that strategically it makes very clear sense to do so - jump on that deal. I urge you to take these next couple of weeks to review your current mortgages (given what you will find in the above referenced article) and see where YOU can be strategic.
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