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interest only morgage

etchinghill · 2009-08-03 16:24:12

hi can anyone help i have a interest only morgage of £10,467.15 fixed rate at 6.14 percent from 2007 for 5 years my mounthly payement should be £57.08 i have been paying an extera £50 a mounth on this morgage since 2007 all thou the capital is reduceing by £600 a year my payements of £57.08 is not reduceing and the extera…

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etchinghill Posts: 2 Newbie

5 August 2009 at 11:16AM

from etchinghill just like to say thanks to all of you for your advice on my interrest only mortgage one more thing interest is calculated dayly

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interest only morgage

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