...Beauty, cleaning, DIY tips and more - free to join!
   Login   Contact us   Site map   Puzzle Club   Ask a question    Newsletter

What is a repayment mortgage?

Question asked by: mrquestion

Asked on: 05 Jan 2010

A repayment mortgage is one in which you pay off the mortgage gradually over the course of the product being held.

For instance if you have a 100k mortgage then you start mainly paying off the interest and the capital sum barely reduces for the first few years, but after that it starts to go down quite reasonably and so on in the end at the end of the mortgage term you will pay off the interest and the mortgage amount.

By: knowitall
Replied at: 05 Jan 2010
Rate Answer
Comment or provide your answer to this question
No comments have been added to this question "What is a repayment mortgage?".
Ask a New Question

Find out more about Money

Money Questions and Answers

miscellaneous money Questions and Answers

Next question: What is a interest only mortgage?

Become a Member! It's Free >>>

Share on Facebook: On Twitter: TwitterTweet this!

Question Keywords

mortgage  repayment  

More Questions:

What Are My Legal Rights With Credit Card Purchases?
What Is A Interest Only Mortgage?
How Do I Find The Best Credit Card For Me?
How Do I Bank My Savings For A Down Payment On A House?
What Is A Guarantor Mortgage And Is It A Good Idea?