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Mortgage Info Center - Pay Down Your Mortgage Faster

Pay Down Your Mortgage Faster

It pays to know your choices

If you use all of our mortgage features to their fullest, you could prepay as much as 20% or more of your original mortgage balance each year.
Each of the following features is designed to help you build your home equity faster and save money over the life of your mortgage.


Increasing Your Monthly Payments

You'll be surprised to see how much faster you can pay off your mortgage. and the shorter pay-off period can save you thousands of dollars in interest over the life of your mortgage!
During the term of your mortgage, you may be anticipating an increased cash flow that you could use to pay down your mortgage. Once in each 12-month period, you can choose to increase the amount of your mortgage payments by as much as 10%, without administration fees. and the increased payment amount goes directly toward reducing your principal. You continue these increased payments for the remainder of the term, unless you wish to increase them again after another 12 months.

Accelerating Your Payment Schedule It is possible to negotiate!

Offers you this great choice of payment options:

Monthly
Semi-monthly
Bi-weekly
Weekly
Accelerated bi-weekly
Accelerated weekly
You also have the freedom to choose

 



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