Home > Buying a Home: Want to pay off your mortgage faster?

Want to pay off your mortgage faster?

Take advantage of prepayment options

Your credit union offers a variety of mortgages at great rates, with flexible terms, no renewal fees and more. But did you know that your credit union also has the best prepayment options around?

With a credit union mortgage, you can prepay up to 20% of the original mortgage balance each calendar year. If you can pay extra on the principal now, the balance will be much lower should interest rates start to rise. And that can save you thousands of dollars in interest and take years off your mortgage! Another great option is to double your monthly payment.

So bring your mortgage home to your credit union - for the opportunity to become mortgage-free faster.