Ryley | Mortgage Advisor
Region: GB
Thursday 27 March 2025 14:57:39 GMT
321214
15365
464
2222
Music
Download
Comments
abdullah :
interest is evil.
2025-03-27 19:28:58
1471
A<3 :
In one year I paid 1k off my mortgage 🥲 that was a sobering realisation
2025-03-27 18:14:41
1542
Ryan :
Feels like it should be illegal tbh
2025-03-27 17:35:03
634
Samuel 🇬🇧🇺🇳 :
Usury used to be illegal - we've gone backwards as a species
2025-03-28 02:45:29
275
Sam :
it feels weird to say that banks 'do' this though. it's just a consequence of having fixed payments over a fixed term. kind of sounds like you're implying they're intentionally doing something bad
2025-03-27 17:19:14
236
Roll for Hot Sauce :
we've been overpaying our mortgage for 3 years almost by £150 on an £850 payment and we had to specify that the overpayment went on the principle as they now put it on interest unless you tell them.
2025-03-28 00:05:54
170
Ghostwarrior :
Having a mortgage is a scam when you think about it the amount you pay on interest is ridiculous
2025-03-27 18:49:54
83
fundiphil :
This is why we reduced our 25yr mortgage to an 18yr mortgage initially. Although we had to add a few years back on when remortgaging once we had kids and disposable income dropped.
2025-03-27 18:53:25
2
byfeisal :
This is why mortgage is forbidden in Islam
2025-03-30 13:34:37
42
Anonymous :
So I should extend my term to bring the repayments down, and use what I’m saving to overpay?
2025-03-28 12:57:45
1
chrispotato :
“What banks really do” frames it a bit funkily; it’s less to do with the banks themselves, more just the maths of the interest on such a large sum. But good advice on overpayments 👍
2025-03-27 22:41:31
1
dellie :
a 40 year mortgage with overpayment is the best approach
2025-03-27 19:25:22
1
J.R 🏴🇬🇧 :
better to just think it as rent. you rent the house off the bank. they are better landlords and give you much more security and control over your living environment
2025-04-22 13:38:48
0
Bo :
That looks like Bath!
2025-03-27 17:21:40
1
naviman12 :
my fixed term is ending next year. I haven't overpaid but I've saved loads. is it worth paying off a huge chunk during the remortgage?
2025-03-27 19:29:45
0
zara :
just avoid having a mortgage it is a scam and rip off but people don't understand. it is just interest interest interest
2025-03-28 20:09:29
0
burprun :
once you get 10 years in that capital starts to go down quick though
2025-03-27 17:10:10
5
. :
Why bother overpaying early at 4-5% interest rates, when you can get a long term average market return of 10% instead?
2025-03-27 22:28:31
1
Craig :
this is just loans in general
2025-03-27 18:28:24
1
volt :
Careful, depending on your interest rate, you might be better off investing any extra money into an index fund rather than repaying the mortgage. Ask someone you trust for advice.
2025-03-27 22:02:52
4
Shine_Regardless :
I was 21 when a women at my company explained this to me. Bought my first house at 27 and doubled down to pay it off by 36. Now my wife wants a bigger house. 😊
2025-03-31 19:49:43
0
Amir Cabaon 🇱🇾 ⵣ ☪️ :
Still better than renting
2025-04-02 09:43:14
0
n3fno :
Alternatively rather than a £1,000pm mortgage at 5% over 30yrs (360 payments), you can pay the capital evenly over the term at £517,77pm on capital. Obviously you need to cover interest each month...
2025-04-21 19:35:37
0
Eleri :
Yep. 40% of the way through our term, 25% through paying back the capital
2025-04-01 15:12:24
0
joe :
Thats just how percentages work? if ur interest rate is 3% on 200k then you need to cover the 6000 interest charged that year
2025-03-27 19:33:49
0
To see more videos from user @the.mortgage.man, please go to the Tikwm
homepage.
