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Repay your loan sooner
Your mortgage term has not expired and you want to repay your mortgage loan sooner?

You have three options:

  • Make a payment on principal
  • Make an additional repayment
  • Increase your instalments

Make a payment on principal
If your mortgage is closed, you can repay up to 10% of the borrowed amount at any time during each calendar year1.
You can make one or more payments on principal during the year.

Additional payment
At each payment date, you can make an additional payment that is equal or lower than your regular payment (principal and interest).

Increased instalments
You can increase your instalments by up to twice their original amount but only once per calendar year. You must then maintain this new instalment for the remainder of the term.

When your term expires, you can of course repay any amount you wish.


1 Current interest will be calculated if the payment(s) is(are) not made on the scheduled payment date.

Complete a pre-approval or a mortgage application form

Meet with a Mortgage Development Manager at your home

Contact us
Branches
Telephone
514-394-5555
1-888-4-TelNat