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, so that the amount borrowed decreases throughout the term and by the end of the loan term has been fully repaid. This contrasts with an interest-only mortgag...
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http://en.wikipedia.org/wiki/Repayment_mortgage
Method of repaying a mortgage loan where each monthly payment comprises a part repayment of the original loan plus interest on the outstanding amount. By the end of the loan period, the mortgage loan should be fully repaid. Also known as a capital and interest mortgage
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http://www.aviva.com/glossary/
Also known as `annuity mortgage`. A type of loan repayment that comprises of instalments made up of capital and interest.
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http://www.encyclo.co.uk/local/20185
Also called an Annuity mortgage or 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...
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http://www.encyclo.co.uk/local/20194
Each month you will make a repayment to the mortgage lender. Part of this payment will go towards reducing the total amount of capital you owe and part of it will be an interest charge on the remaining balance of the mortgage. Unless interest rates change or your introductory offer period ends, you pay the same amount each month. When one of these ...
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http://www.encyclo.co.uk/local/20452
See Capital & Interest mortgage
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http://www.encyclo.co.uk/local/20464
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
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http://www.encyclo.co.uk/local/20536
A mortgage under which the borrower pays the interest and capital over the life of the mortgage.
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http://www.encyclo.co.uk/local/20912
an arrangement to repay some of the capital of the loan each month as well as the monthly interest payment.
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http://www.encyclo.co.uk/local/21457
A mortgage where throughout the term, regular payments (usually monthly) are made to partly repay... <a target=_blank href='http://www.finance-glossary.com/terms/repayment-mortgage.htm?id=1242&ginPtrCode=00000&PopupMode=false' title='Read full definition of repayment mortgage'>more</a>
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http://www.finance-glossary.com/pages/home.htm
This is a mortgage where the sum borrowed is paid off by the end of the mortgage term. It involves monthly repayments which consist of the interest on the loan plus some of the capital borrowed.
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https://www.encyclo.co.uk/local/21167
No exact match found.
