Camilo Rodriguez’s Quotes
23 years in the mortgage industry, condensed into principles. On the real cost of borrowing, debt strategy, and what it actually means to become mortgage-free.
“Most Canadians focus on mortgage rates. That's the wrong number. The number that actually matters is the Cost of Credit — the total interest you pay over time.
“Do not chase the lowest mortgage interest rate; chase the lowest cost of borrowing.
“Expense Rate = Mortgage Interest Rate + Prepayment Penalty
“The best mortgage isn’t the one with the lowest rate—it’s the one with a zero balance.
“Paying less interest is not luck, it is design.
“A 30-year mortgage is a bank’s dream. A 10-year mortgage is yours.
“Don’t brag about getting the lowest rate. Brag about having no mortgage.
“Pay every dollar the law requires, but not one more.
“Debt consolidation should never increase your cost of borrowing.
“The only thing more costly than a mortgage pre-payment penalty is believing you won’t pay one.
“Interest is rent on your own home. End the lease.
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