Pinkpanter
Registered User
- Messages
- 78
I have a 25 year mortgage taken out in 2004- 174k-4.4% over 25 years.
Balance Jan 2016 was 117,405.
I paid 12,000 off as a lump sum keeping the term the same.
Balance September 100,464.
Mortgage paid Sept/oct/Nov/Dec
I paid 14,000 off the balance in October keeping the term the same i.e. Reducing payment.
Balance 31/12 is 86,376
Is there something wrong- I assumed the balance would be. Circa 85000? Any ideas. I have logged a query with my mortgage provider.
Balance Jan 2016 was 117,405.
I paid 12,000 off as a lump sum keeping the term the same.
Balance September 100,464.
Mortgage paid Sept/oct/Nov/Dec
I paid 14,000 off the balance in October keeping the term the same i.e. Reducing payment.
Balance 31/12 is 86,376
Is there something wrong- I assumed the balance would be. Circa 85000? Any ideas. I have logged a query with my mortgage provider.