@theanxiousinvestor: Your first mortgage payment can feel like a drop in the ocean, especially when you realise how little of it actually reduces your debt! But there’s a reason for that. In the early years of a repayment mortgage, most of your monthly payment can go towards interest rather than paying off what you borrowed. For example, take a £200,000 mortgage over 30 years at 5% interest. Your monthly repayment would be approximately £1,074. But in the first month, around £833 goes towards interest, with just £241 reducing your mortgage balance! That’s nearly 78% of your first payment going towards interest. The good news? As your mortgage balance falls, less interest is charged and more of your monthly payment goes towards clearing the debt, assuming your interest rate stays the same. It’s a slow process at first, but understanding how your mortgage works can help you make better financial decisions.. Figures are illustrative and assume a constant interest rate. This content is for educational purposes only and does not constitute financial advice. #PropertyInvestment #buyingahouse #mortgage #PersonalFinance #uk

Spudleydudley🇬🇧 :

my sister bought a house and pays around £250-£300 a month on a lovely 3 bedroom...if she was renting it would be almost double that, plus she keeps the house after

Sir Abiud :

The accuracy

kurojitzu kareoqui :

jijijiji yeah thst about right

Aloba-otman :

that's fu.ing hilarious 😁

martinpaine :

still better than private renting😏

TONY :

Lord have mercy!!!😅😅😅

SHab15971 :

throwing your 💰 away for sure

rid1 :

yeh it be like that

Cyberwonder :

Better than then 100th payment to a landlord 💪

Anthony :

Basically by the time you paid your morgage off you have paid for your house three times over and the bank is laughing at you 🤔.

Dubtaxi 🚕🚖🚕🇮🇪 :

at least it will be paid off and you wont be renting in your 50's

Ritesh Aryal @ARYALAM :

At any day owing surpass renting . It’s a no brainer

TiredParent :

Or your first rent towards a never ending date

honeybunny777 :

why this is so real

Hassan :

Absolutely richer become richer and poor become miserable 😭

عبدٌ لله :

Alhamdulilah that’s why mortgage wirh interest are haram in islam big blessing

lukasg0197 :

It’s huge mistake mortgage for 30years [Džiaugsmo ašaros]

Donce :

Chris Brown :

i paid my mortgage off 5 years early best thing i did.no mortgage no rent its a great feeling,you live in a property that is yours.

Bollywood 90s :

Some of us have 37 years mortgage 🥹

victor :

after six yr same

jb marr :

call it rent and make the whole endless

S K E T C H Y :

Put in as much money as you can and when you can. Dont let your bank trickle your savings into these private banks. They do not care about anyone

itzm527 uk :

1 quarter of 1st installment 😁

Alexander :

my salary is My expenses