That means those on Danske ECB+0.5% trackers are now paying €45.83 interest per month per €100,000 mortgage.
Those on interest only trackers must be paying very low amounts. We are on a ecb plus .75%. We pay 850 a month. Never checked how much of that is interest versus capital.
People with tracker mortgages are paying off the capital very quickly.
Brendan
Brendan,
This confused me a bit - the reducing interest rate hasn't increased the capital repayment rate necessarily. Only if we decide to maintain a constant repayment per month will we pay the capital down quicker. Do I understand this correctly? I'm sure most people don't do this, and simply enjoy the extra cash in their pocket each month.
C
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?