Smarter strategies. Less interest. Faster ownership.
At ARIVL, we believe that owning your home shouldn’t mean overpaying for it—especially not to your lender. One of the most overlooked areas where homebuyers lose money isn’t in the purchase price… it’s in interest payments over time.
The good news? With the right strategies, you can save thousands on your mortgage without changing your home, lifestyle, or budget.
In this blog, Chris Long—our go-to mortgage expert—shares how to “hack” your mortgage and get ahead faster.
💡 Why This Matters for ARIVL Clients
Whether you’re buying your first home, upgrading, or investing, every dollar saved in interest is a dollar back in your pocket—for renovations, travel, future investments, or paying your mortgage off even faster.
Our clients are smart, savvy, and often focused on long-term wealth—not just homeownership. That’s why understanding these strategies can give you an edge.
In a market like Edmonton’s—where every offer is competitive and every dollar matters—small mortgage tweaks can lead to big wins.
🔧 Mortgage Hacks That Save You Money
Here’s what Chris recommends:
1. Accelerate Your Payment Frequency
Switch from monthly to bi-weekly accelerated payments.
- This simple shift adds one full extra payment each year, which directly reduces your principal balance.
- Over time, that means less interest paid—and your mortgage is paid off faster.
2. Use Your Prepayment Privileges
Most lenders allow you to make extra lump-sum payments (usually 10%–20% of your original principal each year) without penalty.
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Even one lump-sum payment early on can shave years off your amortization.
3. Double-Up Payments
Some lenders let you double your regular mortgage payment—all of that extra goes straight to the principal.
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For example, turning a $1,500 payment into $3,000 monthly when you can will have a massive compounding impact.
🏦 Not All Mortgages Are Created Equal
Here’s the part most buyers don’t know:
A mortgage with a slightly lower rate but limited flexibility (like no prepayment options) might cost you more in the long run than a mortgage with a slightly higher rate but better features.
That’s why working with a broker like Chris—and the team at ARIVL—makes a difference. We don’t just chase rates. We chase results.
🧭 Ready to Play the Long Game?
We’re here to help you think ahead, act smart, and maximize every opportunity in your homeownership journey. Whether you’re mid-move or just starting out, let’s talk strategy.
📩 Email ARIVL: hq@arivl.ca
📞 Call Jakie: 780-224-5566
🔗 Connect with Chris Long:
Christopher Long
Mortgage Broker
📱 Cell: 780-292-4316
📧 Email: clong@mortgageconnection.ca
🌐 mortgageconnection.ca/staff/christopher-long
🔑 ARIVL: Your Real Estate Adventure Awaits.
Let’s make every dollar work for you.