It is indeed a good practice to dedicate some time to re-evaluate your mortgage every few year to make sure you are getting the best deal from your bank. This may save you considerable amount of money over the life of the loan and possibly allow you to extinguish your mortgage earlier

This is a very common question which requires careful consideration. There are many factors to be take into account, some are related to personal circumstances and needs, other are strictly financial calculations

The Minimum Monthly Repayment payable to the bank (or any other financial institution) is inclusive of the loan interest accrued during the previous month and part of the principal to be repaid

Is the Minimum Monthly Repayment the same as the Equated Monthly Instalment (EMI)? Offset Account - What is it and how do I include it in my amortization plan? Private mortgage insurance (PMI) - How do I include it in my calculation?