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July 01, 2006
Current Home Mortgage Interest
When you borrow money, methods of repayment vary with the type of mortgage. If you have a capital repayment or annuity mortgage, your monthly payments are made up in part of the interest you pay on the amount borrowed, and in part on repayment of the loan itself, called capital. Capital is the term applicable for the money you have borrowed and are paying back directly to your lender. Unless the interest rate changes, your monthly payments remain the same through out the period of your
From Current Home Mortgage Interest
Posted by Alex at July 1, 2006 08:52 AM
