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?".
No comments have been added to this question "What is a repayment mortgage?".
Ask a New Question
Find out more about Money
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:
Tweet this!
Question Keywords
mortgage  repayment  
More Questions:Saving
Are Credit Cards Better Than Using Cash?
How Much Money Should I Invest In Stocks And Shares?
What Are My Legal Rights With Credit Card Purchases?
Where Can I Find House Price Data?