Hi this may sound like a silly question but what does a mortgage interest certificate actually show?
I have many investment property INTEREST ONLY mortgages. Taking one of them as an example....
I have been paying the interest only figure of €145.76 per month all through 2017 2018 2019 and 2020. The ECB rate has been zero throughout these years.
and 12x €145.76 is €1749.12
My certificate for 2020 showed a figure of €1665.21????
The certificate for 2019 was €1743
The certificate for 2018 was €1749
The certificate for 2017 was €1749
if I’m paying exactly the same every month then why should the certificate for each year be different.?
specifically 2020 is significantly different.