Using Your Lump Sum Prepayment Privilege

Three ways to use your lump sum prepayment privilege and the benefits you can realize.
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[@kongrsx]

Hello First National,
What is the difference with "Lum Sum" and "Double up"? Wouldn't it make sense to only use Lum sum?

[@FirstNationalFinancialLP]

Hi Kong,
That's a great question! With a First National mortgage you have a variety of privilege options that you can combine to pay your mortgage down faster. A double up payment is simply that! Say you have a $500 principal and interest payment, a double up would mean you make another $500 payment on your payment date, but that extra $500 would go completely towards your balance. With a lump sum, you have control of how much you'd like to contribute and when, with a minimum of $100 and up to your maximum allowance on any payment date.
If you have any other questions about how you can pay your mortgage down faster, please send us a message on My Mortgage or give us a call at 1.888.488.0794.
Sincerely,
First National Financial LP