Republic Bank Mortgage solutions make it easier to own the home you want. Buy new with as little as 5% down The down payment doesn’t have to hold you back. Now you can borrow up to 95% of the value of your home simply by purchasing Mortgage Insurance. So for as little as 5% down, you can buy now, instead of waiting. Cut costs by amortising over 30 years Repaying your mortgage over an extended period of time lets you customise your monthly payments to fit your budget. Amortise for up to 30 years and lower your monthly payments. Of course, if you want to repay your loan sooner to cut your interest costs, simply choose a shorter amortisation period. Take advantage of penalty-free repayment Reduce your interest costs by prepaying up to 15% of the original amount of your mortgage every year without a penalty. Renew or refinance the easy way From time to time, you may want to change the terms of your mortgage so it keeps up with your changing needs. We can make it simple to upgrade to a larger home or pay down your mortgage faster. Opt for convenient automatic withdrawals Your mortgage payments can be automatically deducted from your Republic Bank account, quickly and easily, so you don't need to worry about making your payments on time. Protect your loved ones With optional Credit Life Protection insurance, you can be sure that your mortgage will be paid off in the event of your death. That way your family won’t have to make the mortgage payments or liquidate assets to pay off the debt. Your premium is simply added to your mortgage payment, resulting in one easy single monthly instalment. Joint or single coverage is available. You can also opt for Critical Illness Protection, which ensures that the outstanding loan balance can be paid in the event you are diagnosed with a covered critical illness (specifically heart attack, cancer, or stroke). For more information on all of Republic Bank’s affordable mortgage solutions, contact your nearest Republic Bank branch today. Thinking of buying or building a home? Use our helpful Mortgage Calculators to calculate the mortgage you can afford.