First year of repayment mortgage, WTF!
- From: public.mark.m@xxxxxxxxxxxxxx
- Date: 13 Sep 2006 04:01:22 -0700
We got our first year mortgage statement to find paying @£560 quid a
month only paid off around 2k of the balance!. almost all of it went on
the interest!. I thought it would have been 50/50 with capital and
interest and cant find anywhere where it mentions this in my mortgage
documents. Can I expect this ratio to change?
.
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