Cynthia Academy
Region: GB
Thursday 10 September 2026 18:05:45 GMT
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STANKOVIX :
So when you pay the extra £200 a month, how do you know it is being taken from principal or your interest? do you need to specify where the extra £200 is going or it automatically goes to interest or principal? I need more clarity. Thanks
2026-09-11 12:10:11
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Candiceshadow :
Don't do this if you are renting the house out. You can deduct your interest payment from your tax, if anything start overpaying after the fixed period then your interest payment must have really reduced...
2026-09-11 13:12:22
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Suzycoco :
A reduction from £1,029.79 to £946.84 in 5 years cannot be called SIGNIFICANT.....
2026-09-11 13:18:19
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TheObis :
Does it mean it’s smarter not to fix
2026-09-11 13:21:57
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Graziano :
Would he not have still paid the £79k as rent in 5 years? 😏
2026-09-11 06:34:21
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stevediba :
Discipline yourself save £2500 for 7 year you will buy a house period
2026-09-11 06:38:35
6
Bishop :
This is simple...the bulk of your payment goes towards the interest on the mortgage and not the mortgage itself
2026-09-11 05:08:54
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Jennelouk :
I have been looking for this overpayment explanation. Thank you so much
2026-09-11 05:34:58
4
Fagbemi shina :
this is informative, I took pen and started calculations alongside, now I understand how it works, we just decided putting additional 200 / month on top of monthly repayment, i believe it goes a long way. Thank you 🙏, God bless you
2026-09-11 08:29:18
2
onyimoneyxx :
Banks are making a lot of money from this mortgage o
2026-09-11 03:33:48
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Larry :
Whaooooo…..:: so please what is the way forward
2026-09-11 11:46:18
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Alice Kimber :
Pay a penalty for overpayment?
2026-09-11 09:54:51
1
prettylaura44 :
Thank you 🙏
2026-09-11 09:19:08
1
moses :
Why is 365 (balance*rate/365) fixed in monthly interest calculation?
2026-09-11 05:26:17
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Neni_Anne :
I don’t see mortgage as an investment if I’m going to be living in it. It only becomes an investment when the house is paid off
2026-09-11 06:43:00
4
Hope's kitchen :
My cousin got a loan to buy his house as the interest on the loan is less than getting a mortgage.
2026-09-11 06:16:09
2
Naz :
thank you for this
2026-09-11 08:14:08
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Blessed-mind :
What difference does it make really? Have you also calculated the 200 extra for 22years and 8months and see what it gives?
2026-09-11 08:00:30
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Toneks :
This explanation made it clearer. It is a scam ☹️
2026-09-11 05:53:53
5
JudyV MumWealth 🏴 :
The credit card taught me this and since then fear catch me. I be no know na only interest I dey pay, I neva pay the main money. so I took a loan to pay it off and started paying my loan which is much better.
2026-09-11 09:25:17
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Victorious Veekie :
Thanks for the information
2026-09-10 19:57:33
2
Bishop :
Starting off with the type of mortgage one has is a good idea.
2026-09-11 05:06:54
2
SleekyConfy :
Why is this not going viral; thank you ❤️.
2026-09-11 06:01:32
1
Goldmyne :
Very helpful information, thank you 😊
2026-09-10 21:19:28
1
Adedayo Hamzat :
Thank you
2026-09-11 02:49:14
1
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