![]() The double up option allows you to increase your monthly or bi-weekly payments. So that's one payment out of your entire year. One double up payment can actually save you tens of thousands of dollars of interest over the course of your mortgage. One of the simplest options is to actually do a double up payment. For instance, if you come into a lump sum amount of money or you get a raise, or your finances change at all, we could help you change your mortgage payments in order to pay that mortgage off even faster. Here at RBC we have many flexible payment options to help make that dream a reality. Calls may be recorded.Being mortgage free is a dream of many Canadians. ![]() Open Monday to Friday 8am - 8pm, Saturday 9am - 4pm (excluding public holidays). If you wish to change how your overpayment(s) are allocated, please contact us.Ġ345 30 20 190, Relay UK - 18001 0345 30 20 190. Please note, if you have a mixture of Interest Only and Capital Repayment sub accounts, we will allocate the lump sum payment to the Interest Only account with the highest interest rate first. If no instructions are provided, your lump sum payment will be allocated to your mortgage sub account (s) in a way that is most beneficial to you.įor example, we will allocate the lump sum payment to your account with the highest interest rate first. If you wish to change how your overpayment(s) are allocated, please call us. Your overpayment(s) will be allocated to your mortgage sub account(s) in the same way that your normal monthly payment is split across your sub-accounts.Įxample: If 40% of your monthly payment is allocated to sub-account 1, with the remaining 60% allocated to sub-account 2, any overpayments will be split in the same way. Open Monday to Thursday 8am - 8pm, Friday 8am - 6pm, Saturday 9am - 4pm (excluding public holidays)
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