| What Is Capital and Repayment Mortgage? | | | | don't let that confuse you! Capital and repayment |
| "Repayment mortgage (also called a capital-and | | | | mortgage is, in fact, the same thing. |
| interest loan) | | | | How Do I Know Capital, or Repayment, Mortgage |
| Your monthly payments gradually pay off the | | | | Is Right For Me? |
| amount you owe as well as paying the interest | | | | Repayment/Capital mortgage is great for those |
| charged on the loan. Provided you make all the | | | | who want to get their entire mortgage, capital |
| agreed payments, the loan will be fully paid off by | | | | and interest, paid off by the end of their |
| the end of the mortgage term." | | | | mortgage term. Once the term is up on this type |
| - Consumer Information, FSA, June 2006 | | | | of mortgage, you're done and fully paid off. Many |
| Repayment mortgage and capital mortgage (or | | | | mortgage policies focus on the interest that you |
| capital loan) are the exact same thing, made | | | | owe. Capital and repayment mortgages are |
| more confusing by the fact that this type of | | | | popular because they allow homeowners to pay |
| mortgage is known by more than one name. But | | | | off everything that they owe. |