Has anybody transferred their mortgage payments to weekly rather than monthly and did they make any savings etc. What are peoples views etc on this.
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Has anybody transferred their mortgage payments to weekly rather than monthly and did they make any savings etc. What are peoples views etc on this.
didnt know this was even possible.
surely it would all depend on how you are paid.
i dont see how you could make any savings though? Unless its tracker or variable?!
Quote:
Originally Posted by paul_oshea
My understanding is you save on the interest and you can knock about a year off your mortgage in total.
those strawberry alarm guys ended up looking like eejits to be honest.
anyway, neil i am no expert but, unless its a variable rate and the interest gets recalculated daily i.e. if you pay Friday and it gets recalculated again on Monday, then I don't see how it can save you any money or decrease the interest yer paying. Maybe a tracker would allow this also?!
Anyway, neither of them can I apply for, as I was told by my mortgage lender here that I could leave if I wanted to when my fixed rate ends, i was basically told F OFF and that no one would touch me. Which is right unfortunately :(
So the banks are the same as the women then.