Buying a house is the largest purchase most Canadians will ever make and finally paying off the mortgage is likely to be a game changer.

But before the temptation to splurge on a pricey new car or a luxury vacation takes hold, experts say it’s important to review your financial plan for this next chapter to ensure you’re on track for wherever you want to go.

Nancie Taylor, an investment adviser with Meridian Credit Union in Fonthill, Ont., says repaying your mortgage opens up opportunity for all kinds of things.

“My job isn’t to tell them, you should do this and this and this,” she said of her clients.

“It’s more about, OK, this is how you looked today. So where do you want to go tomorrow? And it’s interesting where the conversation leads.”

For some, it might be early retirement, for

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