Capital and Interest Repayment Explained
There are two elements to a mortgage payment: the capital amount which is the sum of the mortgage itself that you borrow, and also the interest that is payable on that sum you've borrowed. A payment that covers both of these usually made monthly is a capital and interest repayment.
Property Articles
We hope you find this mortgage glossary / explanation of mortgage terms useful. You might also be interested in our articles on a range of property related issues, a selection of which are listed below:- Equity Release Considerations
- Spain and NIE Numbers
- Why Buy in Cyprus
- Finding A Property
- Reasons to Remortgage
- Commercial mortgage fees and repayments
- Roles in the mortgage process
- Buying Old Property
- Buildings Insurance
- Second home mortgages
- Buying in a Village Might be a Good Investment
- Bad Credit Mortgage
- Spanish mortgages
- Current account mortgages
- Questions to ask when viewing a house
