Mortgage News

Counting the cost of mortgage holidays

Sunday 8th of August 1999
Mortgage holidays may sound like a great idea, but as usual "all that glisters is not gold".
Accounting firm Spicer & Oppenheim, in its latest newsletter to Wellington clients, points out that even a brief break from paying interest can have a huge impact. The trap is that you're effectively increasing the size of your original loan - and paying interest on the interest.
"In an extrem...
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