Quote:
Originally Posted by daryn2005
Quote:
Originally Posted by Mr. Psychologist
In Norway a member got his mortgage paid too :D
I'd be terrified to do this... what if the money just "stopped"??
maybe one day I'll have the confidence
To play safe:
- pay the requisite 10% with Picpay
- continue putting aside the amount of mortgage you normally pay per month
PIPS Realty endeavours to fully pay for your house within 2 years which presumably means in most cases, that it's paying more than your normal monthly payments. So if it suddenly stops paying, at least a good bulk of the mortgage has already been taken care of and you'll just need to restructure your housing loan and pay the remaining value via your usual sums or less.