Paying Off Your Mortgage Faster
You can make choices that will help you pay off your mortgage faster and save you thousands of dollars in interest charges. Learn about the various options to save yourself money and be mortgage-free faster.
Ways to pay off your mortgage faster
- Increase the amount of your payments
- If you renew with a lower rate, keep the payments the same
- Choose an “accelerated” option for your mortgage payment
- Make lump-sum payments: Prepayments
Related Resources
- Mortgage Calculator Tool
Look at your payment options to see when you can be mortgage-free. - Budget Calculator
Plan your budget to help achieve your financial goals.
No FAQs related to this topic.
About FCAC
For Consumers
- Banking
- Budgeting and Money Management
- Credit Cards
- Payment Options and Money Transfers
- Mortgages
- Credit and Loans
- Savings and Investments
- Insurance
- Fraud
- Your Rights and Responsibilities
For the Industry
Educational Programs
For Partners
For the Media
Resources
- Tools and Calculators
- Publications
- How to Lodge a Complaint
- Frequently Asked Questions
- Multimedia
- more resources...
Transparency
Footer
