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Mortgage Term Query
The_Squirrel_2
Posts: 2 Newbie
I originally took out a mortgage over a 25 year term - due to end 2016, I have moved house twice and re-mortgaged 3 times, not extending the original term of the mortgage however I notice that my mortgage seems to have an additional 3 years added to its term. I guess when I re-mortgaged the term was rounded up - can this be right? It seems I will be paying additonal interest for the 3 years.
:eek:
Any thoughts or help greatly appreciated.
:eek:
Any thoughts or help greatly appreciated.
0
Comments
-
you can reduce the term back to 2016 if you want to just contact the lender
and ask if its possible. some charge a small fee and some will do it for free
but your payments will go up !
you will also pay less interest because you are repaying the loan over a
shorter term. your decision GOOD LUCK0
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