How Does A Repayment Mortgage Work? - Simple Explanation

Описание: You may be wondering how a mortgage works and how to pay back the money that you borrow from a mortgage provider. You may have heard the term 'Repayment' mortgage, otherwise known as a 'Capital & Interest' mortgage, and wondered what it means. There is also a good chance you have heard of an 'Interest Only' mortgage but you're not quite sure what the difference is.

Ross Stisi aka the Bearded Broker from Stisi Group explains what they mean in a friendly and easy way to understand.

Also, before you think about ever taking out a mortgage...
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Stisi Group is an award-winning Mortgage and Protection planning advice business based in Scotland. We provide advice to first-time homebuyers, next time home buyers, people looking for a better mortgage deal, and landlords. Our advice covers almost 100 different mortgage lenders across a range of more than 12,000 different mortgages.

Visit our website https://stisi.co.uk
Contact me on [email protected]
Call our office for any advice on 0131 510 1240

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Thank you for watching.

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#repayment mortgage
#capital and interest mortgage
#interest only mortgage
#mortgage advice

Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.