Unlike most mortgages, a Redfrog Mortgage lets you make payments throughout the month, whenever you wish. That's because every deposit you make counts as a payment.

Direct deposits

Have your salary deposited directly into your Redfrog account and you'll automatically cover the interest owed for the month (i.e. your minimum payment). What's more, you won't have to worry about lineups at your branch or favourite bank machine.

All you'll need to do is provide your employer with authorization for the change (a form will be included in your welcome kit).

Check the appropriate box on your tax return, and any refund money can also be deposited directly into your Redfrog account.

ATM deposits

Of course, you can also make deposits using your Redfrog debit card at any credit union ATM.

Remember, your Redfrog account calculates interest on a daily basis so the more money you're able to keep in your account, the less interest you'll owe. Gifts, bonuses, and any other sources of income can all help to offset your total interest bill.

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