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December 19
Using Bi-weekly Payments Reduces Overall Interest Paid

​Bi-weekly payments offered through GreenStone are a convenient way to reduce the total amount of interest paid over the course of your mortgage, while shortening the overall life of the mortgage by up to six years. Setting up bi-weekly payments is easy to do at your local GreenStone branch or through a financial services officer. 

Once the payment schedule is set up, you will make two payments a month, or 26 half payments, rather than 12 large payments through the year. The additional payment is applied directly to principle, thereby paying off your principle balance faster and reducing the overall interest paid. 


  • Reduces overall interest charges
  • Reduces the life of the loan
  • Helps with cash management





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