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May 30, 2025

The True Cost of Your Mortgage: It’s Not Just the Interest Rate

Money ManagementProperty Investment Advice

When most people think about their mortgage, they focus on one number: the interest rate.

But that’s only part of the picture. The real question is:

❓ How much will this home actually cost me — over the life of the loan?

Let’s look at a common example:

A $600,000 mortgage over 30 years at 6% interest = $1.295 million total paid. That’s more than double what you borrowed.

And it’s not just numbers on paper. That extra $695,000 is money you could have used to:

  • Invest
  • Upgrade your family’s lifestyle
  • Retire earlier
  • Create a financial safety net

Instead, it disappears into interest payments — unless you have a strategy.

💰 Imagine redirecting even part of that money toward building your future instead of the bank’s profits.

It’s 100% possible — and it starts with understanding how your mortgage fits into your overall plan.

👉 Request a call with our team to explore your options

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