Mortgage question!
31 October 2006, 03:41 PM
#1
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Mortgage question!
Hi all,
i'm blantantly lazy and looking so someone to spoon feed me!
we are looking to move and i wondered what sort of payments = total loan amounts i.e £500 pm = £90K - £800 = £150k etc or some simple afternoon math i can do on current interest rate
current house is approx £150K with morgage of £93k would look waht to get with bigger mortgage but will depend on repayments how high we go, dont really want more than £900pm
ta!
i'm blantantly lazy and looking so someone to spoon feed me!
we are looking to move and i wondered what sort of payments = total loan amounts i.e £500 pm = £90K - £800 = £150k etc or some simple afternoon math i can do on current interest rate
current house is approx £150K with morgage of £93k would look waht to get with bigger mortgage but will depend on repayments how high we go, dont really want more than £900pm
ta!
31 October 2006, 03:58 PM
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31 October 2006, 04:01 PM
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ok i'll bite Mortgage calculator
if you need help to lift youre fingers onto the keyboard to type in the figures ask DCI i'm sure he'll oblige
if you need help to lift youre fingers onto the keyboard to type in the figures ask DCI i'm sure he'll oblige
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31 October 2006, 04:26 PM
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Originally Posted by stilover
I'm with Pete on this one.
31 October 2006, 05:44 PM
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Originally Posted by WHEELSHOP0_0
Its not time i've got on my hands now.
31 October 2006, 07:03 PM
#21
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Why would you want to go to 35 years? The savings in monthly payments are going to be pretty tiny (probably less than 5% on your monthly repayments), whereas the total additional cost is very large (more than 20% of your total loan value). Pay off quicker is the best way . . .
01 November 2006, 02:16 PM
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Originally Posted by hades
Why would you want to go to 35 years? The savings in monthly payments are going to be pretty tiny (probably less than 5% on your monthly repayments), whereas the total additional cost is very large (more than 20% of your total loan value). Pay off quicker is the best way . . .
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