W
walzt
Guest
I have a tracker mortgage of 100,000 started drawing it down in 2006. Since then as the interest rates have gone up and down my montly payment has fluctuated. This I always thought was the way mortgages worked. Every quarter more interest is added on to the princible or on how much I owe the bank.Last December say after payiny the montly installment I owed the bank €86 more than November Is this the common policy of the bank that every month you pay some of your princible and interest and you pay interest every quarter as well.