Most lenders offer the possibility to pay sums of money on our capital in addition to our regular payments. The amounts vary from one financial institution to another, which can represent 15% to 25% of the original mortgage loan sum. You can also in some instances, increase your monthly payments by 15% to 25%.
Another attractive option is to accelerate your payment schedule weekly or bi-weekly.
You can take advantage of either or both strategies, enabling you to pay back your capital faster and save money on interets payments.
