Union Home Mortgage Review – Interest Only vs Repayment Mortgages vs Making Mortgage Overpayments
Union Home Mortgage Review – Whats The Best?
Most of us are aware that interest only mortgages have the cheapest repayments but are the most expensive in the long run. But do you know just how expensive they are compared to repayment mortgages?
Taking it a step further, you can save huge amounts of time and money by making small overpayments every month.
If you’re a property investor, you really should consider the benefits of making mortgage overpayments on your investment property portfolio to slash the term of your mortgages and the amount of interest you pay.
This video looks at interest only mortgages vs repayment mortgages vs making overpayments on your mortgage to show you how much time and money it can save you over the life of your mortgage.