Capital One Online Payments
A Guide to Mortgages
Mortgages can be a confusing topic. With so many different options available, choosing the right one can be a daunting task. This is especially true if this is your first attempt at getting on the property ladder.
A mortgage will probably be the biggest financial commitment that you will ever undertake; it's therefore essential that you familiarize yourself with the basics. Being ill prepared could prove costly if you make a wrong decision.
The Read More...
Different Ways To Repay Your Mortgage
When you are searching for a mortgage, no matter if it is a first, second, or refinance, you have different options on repaying it which some people don't realize. So, before you just take whatever is on the paperwork, you should consider the following options:
Capital and Interest Payments
This is the most common way to repay your mortgage, since you make your payments each month on the capital, or principle, of the loan. In the U.S., this i Read More...
Capital and Repayment Mortgages
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.”
- Consumer Information, FSA, June 2006
Repayment mortgage and capital mortgage (or capital loan) are the exact same thing, made Read More...