C
cork2012
Guest
Hi,
I have a tracker interest only mortgage €230,000. I am afraid that I may be taken off interest only some time in the future. I have a lump sum which I wish reduce the loan with. What is the best method of doing this, is it better to reduce the loan term or just the capital amount?
Also are there any offers coming down the line for PTSB customers for making an overpayment on the tracker mortgage?
Is it true that if you repay the loan amount before the year end (ie 31/12/12) that the loan repayments will be reduced in the new year, as opposed to making a repayment in Jan 2013 and not benefiting from this repayment until Jan 2014.
I have a tracker interest only mortgage €230,000. I am afraid that I may be taken off interest only some time in the future. I have a lump sum which I wish reduce the loan with. What is the best method of doing this, is it better to reduce the loan term or just the capital amount?
Also are there any offers coming down the line for PTSB customers for making an overpayment on the tracker mortgage?
Is it true that if you repay the loan amount before the year end (ie 31/12/12) that the loan repayments will be reduced in the new year, as opposed to making a repayment in Jan 2013 and not benefiting from this repayment until Jan 2014.