CCC
Financial Remortgage Loans / Equity Release Loans
CCC Financial Remortgage Loans / Equity Release
Loans
Different
Mortgage Types and Interest Rates from CCC Financial
There
are two fundamental types of mortgages available in the market
today. One is a Capital Repayment Mortgage and the other is
an Interest Only.
CCC Financial - CAPITAL REPAYMENT MORTGAGE
This is a mortgage where your normal monthly payments will
comprise of two parts, the interest due on your account and
a payment towards reducing the capital. During the early stage
of your mortgage the payments are predominately made up of
interest, while in the later stages a higher percentage of
the repayment contributes to repaying the capital.
CCC Financial INTEREST ONLY MORTGAGE
A mortgage where normally none of the capital is paid
off until the end of the mortgage term. This means that you
simply pay the interest due on your account on a monthly basis.
For Example you borrow £50,000 over a 25 year mortgage
term on an interest only basis. At the end of the 25 year
term the balance outstanding will be £50,000.
CCC
Financial Mortgage
terms usually range between 5 - 30 years.
For
further information on a CCC Financial Remortgage visit the
CCC Financial website.
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