Repayment Mortgages
A repayment mortgage guarantees your loan is paid off in full at the end of the agreed period of time providing that all monthly payments have been met. With a repayment mortgage you make monthly payments that cover both the interest on the loan and the repayment of the loan itself. You are reducing your debt every month. A repayment mortgage offers the reassurance that once the final payment has been made you will have paid off the mortgage in full.
