Hi,
quick mortgage question, we have our mortgage with KBC originally it was set up on a 50% fixed and 50% variable basis, after the 2 year fixed ended that portion automatically transferred to tracker per the mortgage contract.
we are currently interest only for the first 3 years of 30 year mortgage, i rang kbc yesterday and they gave me the figure for the full mortgage (capital & interest) and the figure they gave me means 44% of the new mortgage payment is capital with the balance being interest which obviously represents a huge increase in mortgage payments.
i though the capital % was closer to 10-15% of total mortgage payments initially?
quick mortgage question, we have our mortgage with KBC originally it was set up on a 50% fixed and 50% variable basis, after the 2 year fixed ended that portion automatically transferred to tracker per the mortgage contract.
we are currently interest only for the first 3 years of 30 year mortgage, i rang kbc yesterday and they gave me the figure for the full mortgage (capital & interest) and the figure they gave me means 44% of the new mortgage payment is capital with the balance being interest which obviously represents a huge increase in mortgage payments.
i though the capital % was closer to 10-15% of total mortgage payments initially?