I didn’t have the knowledge in mortgages so tell how to repay in UK…
After you have addressed other outstanding, higher interest debts consider adding an additional payment of 10% that will be allocated toward the principal amount of your mortgage. When you make your payment it is important that you earmark the additional fund for the principal or your loan company may allocate it for interest. Using this strategy you can pay off your mortgage 5-7 years earlier… Pay as early in the month as you possible can. Depending on how interest accrues on your loan you can save valuable dollars by paying days early every month.
How to repay the mortgages in UK?
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December 2nd, 2009 at 2:46 pm
After you have addressed other outstanding, higher interest debts consider adding an additional payment of 10% that will be allocated toward the principal amount of your mortgage. When you make your payment it is important that you earmark the additional fund for the principal or your loan company may allocate it for interest. Using this strategy you can pay off your mortgage 5-7 years earlier… Pay as early in the month as you possible can. Depending on how interest accrues on your loan you can save valuable dollars by paying days early every month.
References :
http://www.hip-consultant.co.uk/blog/