Capital Repayment Mortgage
A Capital Repayment Mortgage (also known as a Repayment Mortgage) is a type of mortgage where your repayments pay off the interest and the initial amount borrowed.
By the end of the term, you will have paid off the debt in full.
This differs from an interest only mortgage, where your payments only go towards paying off the interest, or an endowment mortgage where the payments are split between paying the interest and an investment which will hopefully pay off the mortgage principle at the end of the term.
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