Mortage Repayments
09 May 2007, 06:51 PM
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09 May 2007, 08:02 PM
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09 May 2007, 08:08 PM
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Looking for a Capital Gain ......
Lets say the House Price increases by 300% over the next 10 years - you can sell, pay off the original debt - clean up a massive profit.
If, in those 10 years, you have had someone paying rent which covers the Interest Payments - you have made a KILLING!!
Anyone without at least 4 houses are throwing a wealthy old age down the drain ........
Lets say the House Price increases by 300% over the next 10 years - you can sell, pay off the original debt - clean up a massive profit.
If, in those 10 years, you have had someone paying rent which covers the Interest Payments - you have made a KILLING!!
Anyone without at least 4 houses are throwing a wealthy old age down the drain ........
10 May 2007, 12:34 AM
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10 May 2007, 07:19 AM
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The money you don't payout in the repayment part each month you can invest yourself and with your head screwed on you should be able to return a far greater sum than the original loan over the period. In addition a repayment mortgage is front loaded with interest so if you move companies within a short period you have made very little impact on the quantity borrowed.
10 May 2007, 08:34 AM
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loads of reasons nowadays - i have an interest only of £300k ish......by the time i need to clear it i will have inherited money from parents, sold my business/part of business and accrued my own investemnts.
why would i give norther rock my money each month when i can use it better?
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