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Tracker Mortgage repayments

  • 11-03-2016 5:35am
    #1
    Dominico Wanderbar
    Registered Users Posts: 3 ✭


    Hi

    Not sure if this is the right forum but would appreciate any advice.

    I have a tracker Mortgage with 21 years left on it and a balance of €205,800. I have noticed for the last few months my monthly repayments are going up and down by a few euro each month. Can anyone explain why? With interest rates so low I would expect monthly repayment to be continuously decreasing.

    Does anyone have a way of quickly calculating what my monthly repayments should be based on outstanding balance? Im afraid Im not to knowledgable with these things and I really don't trust my mortgage lender based on their past history.


Comments

  • #2
    Car99
    Registered Users, Registered Users 2 Posts: 2,530 ✭✭✭Car99


    Dominico Wanderbar wrote: »
    Hi

    Not sure if this is the right forum but would appreciate any advice.

    I have a tracker Mortgage with 21 years left on it and a balance of €205,800. I have noticed for the last few months my monthly repayments are going up and down by a few euro each month. Can anyone explain why? With interest rates so low I would expect monthly repayment to be continuously decreasing.

    Does anyone have a way of quickly calculating what my monthly repayments should be based on outstanding balance? Im afraid Im not to knowledgable with these things and I really don't trust my mortgage lender based on their past history.

    Interested calculated per day , some months 30 day others 31 days and last month 29 days .


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