What is negative equity?
So, at the end of your mortgage term the balance of the initial value of the loan is still outstanding.
The results given by this monthly mortgage calculator are ea sports cricket games 2010 pc only a guide.
With the world economies struggling their way out of recession, a lot of recent talk has been about home owners and negative equity.Read the full disclaimer.Repayments are payable, and interest is charged, monthly and on the same day.Please note: if you apply for a new or increased loan with us, we will separately value your property, and our valuation may be different.What is a capital repayment mortgage?Your monthly repayments are calculated assuming: a Principal and Interest loan with the rate and remaining term you have input.This article explains a bit about what negative equity.An interest only mortgage is a secured home loan in which the monthly payments include only the interest on your loan.The accuracy of this figure also affects "Your available equity".
The amount we lend takes into account a range of things including what repayments you can afford, your credit information, our valuation of the property and whether Lenders Mortgage Insurance is an option.
To calculate monthly interest, we calculate your annual interest charge and divide it.This tool is here purely as a service to you, please use it at your own risk.The above information is for reference only.Important: All figures produced by this calculator are indicative only.Please speak to an independent financial advisor for professional guidance.Note: The home loan information shown above is provided for information purposes only.The calculations given by the mortgage repayment calculator tool are only a guide.