PantoneWarmGrey
Registered User
- Messages
- 4
Hi there,
new to the forum so hopefully I'm posting this in the right place?
Long story short, my partner and I have a mortgage with a non-bank lender. They agreed to give us a 3 month break for Covid (like regular banks) and quoted €2393 as the 'cost of credit'. However, they also said that our monthly repayments would go up by €29. We have 256 months left to run on our morning. When I multiply 29 x 256 I get €7424.... Is THAT not the real cost? I'm confused and would love it if someone could explain this to me. Thanks!
new to the forum so hopefully I'm posting this in the right place?
Long story short, my partner and I have a mortgage with a non-bank lender. They agreed to give us a 3 month break for Covid (like regular banks) and quoted €2393 as the 'cost of credit'. However, they also said that our monthly repayments would go up by €29. We have 256 months left to run on our morning. When I multiply 29 x 256 I get €7424.... Is THAT not the real cost? I'm confused and would love it if someone could explain this to me. Thanks!