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Interested calculated daily ...
carla_004
Posts: 48 Forumite
Is that better than annually or not ... ??
:beer:
:beer:
Mortgage
1st November 2012 - £74,065
10th August 2014 - Approx £64,750
Overpayments
£6380
1st November 2012 - £74,065
10th August 2014 - Approx £64,750
Overpayments
£6380
0
Comments
-
Calculated daily is better.0
-
depends.
Other factors need to be looked at in conjunction with the interest calculations0 -
If you're comparing identical rates of interest, a daily interest calculation is cheaper.0
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Fab, thanks x xMortgage
1st November 2012 - £74,065
10th August 2014 - Approx £64,750
Overpayments
£63800 -
If you have an interest only mortgage it doesn't make any difference. Apart from when you make lump sum reductions.0
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