A mortgage where you pay off both the capital and interest each month until you've completely repaid the loan at the end of the pre-agreed term.
A mortgage where some of the original loan is paid back with each interest payment. The outstanding balance reduces to zero over the full mortgage term.
A basic mortgage capital and interest on the loan are paid off in monthly installments.
The client pays part the interest and part of the original loan, the sum borrowered gradually goes down over the term of the mortgage.
where your monthly payments cover the interest as well as paying back some of the capital borrowed each month.
Your monthly payments will gradually pay off your mortgage as well as the interest if your payments are strictly in accordance with the terms and conditions of the original loan.
A mortgage loan funded by simple monthly repayments, calculated to repay capital and interest over a specified term.
a more traditional mortgage for it is a very simple form of borrowing for residential home purchases
a mortgage contract under which the customer is obliged to make payments of interest and capital which are designed to repay the mortgage over the stated term
a simple Mortgage where each month you pay to the lender all the interest that has accrued on the Mortgage, together with a portion of the capital so that at the end of the term of the Mortgage it has all been paid off
a straightforward capital and interest mortgage where each month you pay the agreed interest in addition to a portion of the capital that you have borrowed
a traditional mortgage where the client pays off a little bit every month together with the interest of the borrowed amount
a mortgage where part of the actual loan plus interest on the outstanding loan amount is repaid each month, gradually reducing the amount borrowed. A repayment mortgage guarantees to repay the total mortgage debt at the end of the mortgage term provided the correct monthly repayments are made on their due dates. Also called a Capital & Interest Mortgage.
One payment is made each month to cover both the interest charges and the repayment of the "capital". Initially the monthly payments will be largely against the interest but as the mortgage term progresses then more of the capital will be paid off.
Sometimes called a Capital and Interest Mortgage. Your monthly mortgage repayments to your lender covers the capital, the actual money you borrowed, and the interest the lender charges you for borrowing the money.
When you take out a repayment mortgage your monthly payments pay both interest on the amount you borrowed and a part of the capital to repay the outstanding mortgage. These mortgages can also be known as a capital and interest mortgages.
A home loan where the interest and capital are both gradually and concurrently repaid, with the interest absorbing the bulk of initial payments. Also known as a Capital and Interest Loan.
Also known as 'annuity mortgage'. A type of loan repayment that comprises of instalments made up of capital and interest.
The method of repaying a mortgage which means part of each payment represents the monthly interest and a repayment of a portion of the amount owed. Another name for this method of repaying a mortgage is a “Capital and Interest Mortgageâ€.
( more) - when monthly payments repay both the outstanding capital on the mortgage and any interest accumulated.
You pay interest and part of the capital each month, so your mortgage will be paid off completely at the end of the mortgage term. Back to the top Back to the top
With this type of mortgage, your monthly payments pay the interest & part of the amount borrowed (capital). In this way the amount owed steadily decreases throughout the term.
A mortgage plan where you pay the lender interest and part of the outstanding mortgage each month. At the end of the loan period, the mortgage will be fully paid off.
Also known as a Capital and Interest mortgage. Your monthly payments pay off the interest and some of the capital borrowed. By the end of the term of your mortgage you will have paid off all your mortgage debt.
A mortgage which involves the repayment of both capital and interest in monthly instalments within a specified term of years.
This type of mortgage requires the borrower to repay the loan in part interest and part capital set up in monthly payments for a specific period of time.
With a repayment mortgage, the money you pay each month covers both the interest and capital of the loan. This means that at the end of the term you don't need any extra money to pay off the loan.
A mortgage with which you repay part of the debt each month, plus interest on the amount of loan outstanding.
With a repayment mortgage, part of each monthly repayment goes towards repaying the loan itself, whilst the rest is made up of the interest due on the outstanding amount. If you make all of the repayments due, you are guaranteed to repay the mortgage at the end of the term.
With a repayment mortgage you make one payment each month for the length of the mortgage. This payment covers both the interest and the repayment of capital. The proportion of the capital repaid increases as the term progresses. At the end of the term you will have repaid your mortgage in full.
Also a Capital and Interest mortgage. With this type of mortgage the monthly repayment includes an element of the capital sum borrowed in addition to the interest charged. In the early years of the mortgage the majority of the monthly repayment consists of interest with only a small part repaying the capital. However, as the debt gradually reduces the element of capital increases and the interest element reduces, so although the monthly repayment stays the same (assuming interest rate remain unaltered) the debt starts to reduce more quickly as the term of the mortgage progresses. On a 25-year term mortgage it would not be unusual to still owe over 50% of the original debt after the first 15 years. Providing the correct monthly repayments are made on there due dates this mortgage will guarantee to repay the total mortgage debt at the end of the mortgage term , which is why it is called a repayment mortgage.
With a repayment mortgage you pay part interest and part capital repayments to the lender each month and in this way the capital that you borrowed is reduced until the loan is repaid.
(Type of mortgage - click for explanation)
Your payments to your lender are made covering the interest and the capital of the loan. At the end of the mortgage term the property is completely yours.
A mortgage in which the monthly payments are used to repay both the interest and to reduce the outstanding capital.
A mortgage where the capital borrowed is gradually repaid over the agreed term.
With a repayment mortgage your monthly mortgage payments consist of two parts: payment of interest and repayment of the loan itself. Unlike an endowment, this arrangement doesn’t include life cover, so you will need to make alternative arrangements to ensure that the mortgage will be repaid if you die before the end of the mortgage term.
Your monthly go partly towards paying the outstanding mortgage sum, and partly towards paying the interest on the sum. Also known as a capital and interest mortgage.
See Capital and Interest mortgages.
see Capital and Interest Mortgage.
A mortgage where the borrower makes interest and capital payments to the lender
A MORTGAGE WHERE YOU PAY INTEREST AND CAPITAL ON THE AMOUNT BORROWED. THE MORTGAGE WILL BE REPAID IN FULL BY THE END OF THE REPAYMENT PERIOD AS LONG AS YOUR PAYMENTS ARE ADJUSTED WHEN INTEREST RATES CHANGE. NO LIFE ASSURANCE COVER IS INCLUDED IN A REPAYMENT MORTGAGE. SEPARATE ARRANGEMENTS SHOULD BE MADE TO PROVIDE LIFE ASSURANCE COVER.
Your monthly payments are partly to pay the interest on the amount you borrowed, and partly to repay the amount you borrowed. At the end of the mortgage, the capital and the interest is all completely repaid. It is also known as a capital and interest mortgage
With this method of loan repayment, monthly payments consisting partly of interest and partly of capital are made. Repayment mortgages are usually accompanied by separate life assurance cover.
(Also known as Capital and Interest Mortgage) With this type of mortgage you repay part of the capital each month plus interest on the outstanding balance. Your payments will gradually reduce the outstanding amount over an agreed number of years and at the end of this term the mortgage will be repaid in full.
Your monthly payments gradually pay off the outstanding capital balance on your mortgage as well as the interest.
A mortgage loan funded by simple monthly repayments, calculated to repay capital and interest simultaneously. The idea is that by the end of term (usually 25 years), the mortgage will be completely paid off.
A mortgage under which the sum advanced is repayable by instalments comprising both capital and interest.
This is the most straightforward form of mortgage repayment with capital and interest paid off monthly from day one. It works just like an ordinary personal loan except over a longer term.
A mortgage where throughout the term, regular payments (usually monthly) are made to partly repay interest on the capital and to partly repay the capital itself (the amount of the loan). Initially the largest proportion of the repayments will be used to pay interest since the capital amount outstanding is at its highest value.
Also know as a Capital & Interest mortgage as the monthly repayments pay off both the interest and some of the capital on the mortgage. By the end of the mortgage term, the debt has all gone and the house is all yours.
A mortgage where the capital and interest are paid off in monthly installments.
a mortgage where the monthly repayments work towards paying off both the interest and capital parts of the mortgage. At the end of the term, if all payments have been made as arranged, nothing will be owed on the mortgage.
a loan where you pay back some of the capital as well as interest each month. The amount you owe is gradually reduced.
With a repayment mortgage, part of the amount you pay each month covers the interest on the loan and part goes towards repaying the mortgage capital.
A mortgage where the capital is repaid gradually over the term of the mortgage. Monthly payments comprise both the interest due on the outstanding capital balance AND an additional sum applied to reducing the capital balance.
The monthly repayments pay off both the interest and the capital on the mortgage. Early on, the majority of the monthly payment goes towards the interest. See Australian-type mortgage.
A mortgage where the repayments pay off both the interest and the loan itself (the capital). You should owe nothing at the end of the mortgage term.
With this method of repaying your mortgage, you repay your loan, and interest charged, in monthly installments. Your loan is repaid entirely over the term agreed.
With this method the monthly mortgage repayments pay off both the initial loan amount and the interest that is charged upon it. At the end of the loan term the entire debt will be repaid.
A low risk way to paying off a mortgage whereby the customer's monthly repayment pays off both the capital and the interest. At the end of the term both the loan and the interest will be paid off in full providing payments have been maintained. The alternative mortgage payment method is called an interest only mortgage.
is a straightforward mortgage loan agreement where you and the lender agree you'll make the same monthly repayments over a fixed period of time until such time as the loan has been repaid in full.
The payments you make each month will pay off the interest and an element of the capital.
A repayment mortgage is a term generally used in the UK to describe a mortgage in which the monthly repayments consist of repaying the capital amount borrowed as well as the accrued interest. The mortgage statement, usually received annually, shows the amount borrowed decreases throughout the term.