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Mortgage interest

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  • 19-06-2018 8:52pm
    #1
    dar100
    Registered Users Posts: 1,735 ✭✭✭


    Any reason why a fixed term mortgage interest would be slightly higher this quarter as oppose to previous months? Only 20 add euro, but still . AIB quarterly interest came in today and I just noticed it's higher than has been in 6 months or so, one would assume it should be going down


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    #2
    Yourmama
    Registered Users Posts: 205 ✭✭Yourmama


    Previous months were shorter, I.e. February. Interest is calculated daily and quarter length vary between 90 - 92 days


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    #3
    Mike3549
    Registered Users Posts: 985 ✭✭✭Mike3549


    dar100 wrote: »
    Any reason why a fixed term mortgage interest would be slightly higher this quarter as oppose to previous months? Only 20 add euro, but still . AIB quarterly interest came in today and I just noticed it's higher than has been in 6 months or so, one would assume it should be going down

    Im on variable but i always get quarter interest in june higher than other months.
    We closed in june and i always thought that has something to do with it.


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    #4
    pasquale83
    Registered Users Posts: 477 ✭✭pasquale83


    I made regular over payments and I was surprised that this month when I got my quarterly interested debited they where of the same amount as last quarter. I was expecting them to get lower and lower across the year if I keep making over payments. is that correct? do you think the 2 days more of Q2 compensate for the decrease due to over payments?


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