A different way of looking at things

Last week I had the pleasure to sit down with new clients. They currently own an apartment and rent it out and they are renting an apartment to live in. Their goal was to redo the rental mortgage and pay off some bills and start saving for a down payment for a place of their own. Since interest rates are so low we were able to add an extra $110,000 and by extending the amortization the difference is less than $300 per month and the rent they charge covers the full payment plus strata.
They get to pay everything off and now they have a down payment for a place of their own.
The moral of this story is that sometimes you just need to look at what you have and see if there is another way of doing it.