Hi,
I have a tracker mortgage witl AIB. According to their literature :
"
Interest is calculated daily and charged quarterly so you only pay interest on the outstanding amount of your mortgage."
Would this not mean, absent of any interest rate rises, that the mortgage repayment each month should be at least a few pence less every month.
My repayments are identical each month?
Thanks
I have a tracker mortgage witl AIB. According to their literature :
"
Interest is calculated daily and charged quarterly so you only pay interest on the outstanding amount of your mortgage."
Would this not mean, absent of any interest rate rises, that the mortgage repayment each month should be at least a few pence less every month.
My repayments are identical each month?
Thanks