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Mortgage Holiday for Offset Mortgage
kevinleeesmith
Posts: 2 Newbie
I have an offset mortgage, and my savings exceed my mortgage, so monthly I currentyl pay no interest.
I have taken a mortgage holiday on the basis that it will not cost me anything becasue the extra interest that would normally acrue will be zero, becasue whatever interest is calcualtated is always offset by my savings...
Am I correct?
I have taken a mortgage holiday on the basis that it will not cost me anything becasue the extra interest that would normally acrue will be zero, becasue whatever interest is calcualtated is always offset by my savings...
Am I correct?
0
Comments
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When you applied for the holiday didn't you get an illustration of how it would or would not affect your payments?0
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