Reduce Your Amortization

Reducing your amortization period and increasing your regular payments will save you thousands of dollars in interest costs over the life of your mortgage.

The example below shows how choosing a 15-year amortization period instead of 25 years will save over $49,000 in total interest costs.

Example: $100,000 mortgage at 7% per annum*

*Per annum, calculated half yearly, not in advance. The rate shown is an example only and is not necessarily applicable to an actual mortgage.
**Assume same interest rate for entire amortization period.