paying off mortgage

[harry76]

in the first few years of mortgage payments, how much of the original loan do you pay off and how much of it is interest?

[CheekyChops]

I don't know if this is typical but just as an example (seeing as you've had no other answers...)

I've got a 38K repayment mortgage. Over the 4 years I've had it, I've repaid c11K and the actual debt has only gone down by c3K. The rest has covered the interest.

Hope this helps!

[EverClean]

It depends on the interest rate, the amount of the loan, the term of the loan, the interest calculation, any over or under payments made, the repayment type.

As whoever arranged your mortagge - they should supply you with this information.

[velvet lady]

mine is great, can overpay as much as i like, so check with your lender.

check your statement as most is interest!! if u over pay just a bit every month it will reduce the term, so u will pay it quicker

u can always rely on saint velvet