How can I make an additional payment on the principal of my mortgage?

You can make an additional payment of your maximum balance of 10% of the principal borrowed to accelerate the repayment of your mortgage at any time. The down payment can be made in one or more installments.

Here's how to make a down payment on your online bank:

Sign in to your online bank.
Click Overview in the left menu.
Select your Mortgage loan.
Click Accelerated repayment.
Click Edit my additional payment.
Click Continue and follow the directions.

If necessary, talk to your mortgage advisor who will help you choose the best option.

Most asked questions

How can an RRSP loan or line of credit help me qualify for the Home Buyers’ Plan (HBP)?
When do I have to renew my mortgage?
How much can I afford to pay per month for my mortgage?
What is the purpose of a mortgage pre-approval?
Is it possible to skip or delay a mortgage payment?

Interested in a mortgage loan?

Apply online and a mortgage expert will contact you.

Make an appointment

1-888-835-6281

How can I make an additional payment on the principal of my mortgage?

Related questions

Most asked questions

Interested in a mortgage loan?

1-888-835-6281

Find a branch