02/15/2022
PAYING ON YOUR MORTGAGE FASTER!
- Making additional mortgage payments
To pay off your mortgage faster, consider putting extra money toward your mortgage.
Prepayment privilege may allow you to:
increase the amount of your regular payments
make lump-sum payments
- Increase your payments
Increasing the amount of your payments, even by a small amount, helps you pay off your mortgage faster.
- Make a lump-sum payment
You can make a lump-sum payment on top of your regular mortgage payments.
- Choose an accelerated option
An accelerated payment option lets you make weekly or biweekly payments. With this option, you’re putting more money toward your mortgage than with a monthly payment. By accelerating your payments, you make the equivalent of one extra monthly payment per year. This can save you thousands, or tens of thousands of dollars in interest over the life of your mortgage.
Zeev Elmaleh
CSI MORTGAGE SOLUTIONS
3-595 Cityview Blvd. Vaughan, Ontario L4H 3C7
Phone 905-780-0185 Fax 905-532-0355
Direct 647-740-4250
mortgagesbyzeev.ca
[email protected]
Broker #12052 Agent # M19001189
