Increase Your Payment Frequency

"Accelerating" your mortgage payments is a good way to shorten the total mortgage repayment period.

For example, if you choose accelerated weekly payments, your weekly payment is calculated as a monthly payment divided by four. Over a year, that is equivalent to adding an additional monthly payment.

Example: $100,000 mortgage @ 8% per annum* and 25 year amortization**

*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.