Dec 10 2007 |
Mortgage Overpayment CalculatorCategory: Mortgage Advice |
After writing the Mortgage Overpayments article, I decided to put together an overpayment mortgage calculator, so you easily work out how much you can save by making overpayments. The tool calculates how much you can save, along with how much time you will be shaving off your mortgage.
Most lenders allow at least 10% penalty-free overpayments per annum, but it’s important you check with your lender. For more details on mortgage overpayments I would recommend reading the Mortgage Calculator article.
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