Solution One: is GUARANTEED to save you money.
Part 1: This One...
Part 2: Redemption...
Part 3: The Challenge...
Part 4: Mis-Selling...
If You have a Capital Repayment Mortgage – we guarantee you can save money. No conflict. No fighting: Just simple mathematics and the magic of compound interest - in reverse!
By paying weekly in advance, rather than monthly in arrears, you can reduce the term of your mortgage, which means you reduce the total amount you pay back to the Bank, without paying extra each month!
This means the Bank loses out on interest - interest which you save - interest which you keep in your pocket - interest which you get to use for the benefit of you, and your family.
If you've just started a 25 year mortgage (prison) term, paying in this way should reduce the term by approximately 7 years!
If you overpay each week, you can reduce the repayment term even further (which stands to reason).