The Messer
Registered User
- Messages
- 11
I Have a tracker mortgage but the balance seems off so looking for reassurance.
Never missed a payment, infact never had any contact since draw down, apart from annual statement
Borrowed 355k in sept 2006 - 1st repayment Oct 2006
Current rate 1.68% - Not sure if the rate has an impact on what the balance is, or does it?
30 year term
Current balance outstanding 240,700
Looked at a couple of online calculators
eg drcalculator website says my outstanding balance is 229,344
mortgagecalculator website says my outstanding balance is 230,267
Am I missing something here or should I be getting on to the bank? I'd rather know my facts first as it is very easy for them to fob me off and say no its all correct unless i can back myself up.
Does the 240,700 figure seem right to yo people that probably know more than me
Does the changing interest rate have an impact on the outstanding balance?
Never missed a payment, infact never had any contact since draw down, apart from annual statement
Borrowed 355k in sept 2006 - 1st repayment Oct 2006
Current rate 1.68% - Not sure if the rate has an impact on what the balance is, or does it?
30 year term
Current balance outstanding 240,700
Looked at a couple of online calculators
eg drcalculator website says my outstanding balance is 229,344
mortgagecalculator website says my outstanding balance is 230,267
Am I missing something here or should I be getting on to the bank? I'd rather know my facts first as it is very easy for them to fob me off and say no its all correct unless i can back myself up.
Does the 240,700 figure seem right to yo people that probably know more than me
Does the changing interest rate have an impact on the outstanding balance?