Big savings on a small mortgage

Written by  Thursday, 11 April 2013 15:52
What a great way to start the week! Monday i managed to restructure a clients £85,000 mortgage and save him £31,000 in interest payments. HOW? Well quite simply i kept his mortgage payments the same, but with the fantastic new mortgage rate i secured him, paying the same amount reduced his term by 7 years! The net saving for this client assuming rates stay the same would be £31,000. Not everyone can afford to do that of course, but even taking 1 year of your mortgage can rack up some serious savings.
Read 2091 times Last modified on Thursday, 11 April 2013 16:12

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