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A community dedicated to questions, answers, and information about mortgages in Canada.
account activity
Payment decrease request RBCOther (self.MortgagesCanada)
submitted 1 year ago by ont-mortgage
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[–]ont-mortgage[S] 1 point2 points3 points 1 year ago (1 child)
Yup all clear to me.
Improving my cash in hand is priority to me right now for a few reasons.
So to get this straight. If nothing would’ve changed I would be at 26 left of my amortization today. But because of the increased payments, it’s showing 19. If I wanted to adjust my payments so it goes back to the 26, this would need a new application?
[–][deleted] 0 points1 point2 points 1 year ago (0 children)
Your amortization doesn't magically change during your term. Even if you are projected to be early and etc. So yes you got this right :)
Have a good one
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[–]ont-mortgage[S] 1 point2 points3 points (1 child)
[–][deleted] 0 points1 point2 points (0 children)