Frequently Asked Questions


Repay your mortgage


How do I pay down my mortgage faster?
There are many ways you can pay down your mortgage faster:
  1. reduce the length of your amortization period.
  2. make weekly payments instead of monthly payments.
  3. increase your payments - you are allowed to do this once per mortgage year up to a maximum of twice
    the amount of your regular payment.


Is it better for me to make bi-weekly payments?
Absolutely! Making bi-weekly accelerated payments can shave years off of the life of your mortgage. Bi-
weekly accelerated payments occur every 2 weeks - different than twice per month. When you make
payments every 2 weeks you will be making 2 extra payments per year. These extra payments will be
applied directly to your principal, potentially saving you thousands in interest.


Mortgage Process


Home Buying Process



If you have any questions concerning your mortgage please email us at inquiries@smartymortgage.com.
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