What Is Capital and Repayment Mortgage? “Repayment mortgage (also called a capital-and interest loan) Your monthly payments gradually pay off the amount you owe as well as paying the interest charged on the loan. Provided you make all the agreed payments, the loan will be fully paid off by the end of the mortgage term. [...]
Posts Tagged ‘Capital And Interest’
Glossary of common terms used during the mortgage process.
Posted by admin on December 22nd, 2009
APR – This stands for Annual Percentage Rate. It enables you to compare the full cost of the mortgage. Rather than just being an interest rate, it includes up front and ongoing costs of taking out a mortgage. The formula for calculating APR is set by Government Regulations and therefore enables direct comparison of the [...]
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