Can i change from an interest only mortgage to a capital and interest mortgage?
Oct 26, 2008 by brian.edwards1@btinternet.com | Posted in Personal Finance
I am 6 years into an interest only mortgage and want to change to a capital and interest mortgage. How do i go about this andhow do i get the money i have already paid into my endowment policy?
If you want to totally restructure the loan so that you're required to pay principal and interest you will have to refinance. They will give you new loan docs etc and there will probably be some fees associated with the refi. Otherwise, if you don't care
Holly R | Oct 26, 2008
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