This feature (not offered by all lenders) allows you to double up your mortgage payments anytime without penalty. This feature is often associated with the ability to "skip" an equivalent number of payments. This can be used either to accelerate the pay-off of a mortgage (as it is an enhanced prepayment privilege) or to manage a volatile cash flow. For example, commission-based individuals such as Realtors could "Double-Up" with each commission cheque, and "skip" during low cash flow periods.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). double-up. Retrieved September 23, 2026, from http://smartdefine.org/double-up/definitions/1152386 |
| Chicago | Barry Goldsmith. 2010. "double-up" http://smartdefine.org/double-up/definitions/1152386 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, double-up, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/double-up/definitions/1152386>. |
| MLA | Barry Goldsmith. "double-up" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/double-up/definitions/1152386> |