Pay Down Your Mortgage Faster

RBC Royal Bank offers you this great choice of payment options: monthly, semi-monthly, bi-weekly, weekly, accelerated bi-weekly, accelerated weekly.

You also have the freedom to choose the day of the week or date of the month your mortgage payment is due, so you can schedule your payment to coincide with your paycheque — a convenient budgeting feature.

RBC Royal Bank's powerful Double-Up option gives you the flexibility to prepay any amount between $100 and the equivalent of the principal and interest portion of your regular monthly mortgage payment on any or every payment date.

A great way to save on interest costs and reduce the life of your mortgage is by making annual principal payments.