Choosing Your Payment Frequency

Make sure that you choose the repayment frequency that is most appropriate to your budget planning. It is important to note that the frequency of your payments influences the amortization period of your mortgage loan—the period of time required to repay your debt.

Weekly and bi-weekly payments will reduce your amortization period. To further reduce this period, you can repay some of your initial loan every year or increase your payments.

Calculate your payments (principal and interest).