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mortgage payment options

  • 15-01-2013 11:57am
    #1
    mikehammer67
    Closed Accounts Posts: 699 ✭✭✭


    hi
    i've a small mortgage and repayments are 290 a month

    can i lodge money weekly or monthly to cover the mortgage or do i have to use a feeder account

    thanks


Comments

  • #2
    Liam D Ferguson
    Registered Users, Registered Users 2 Posts: 542 ✭✭✭Liam D Ferguson


    Depends on the lender - some will accomodate weekly repayments; others won't. You'd have to ask them.


  • #3
    mikehammer67
    Closed Accounts Posts: 699 ✭✭✭mikehammer67


    thanks it's aib
    are they flexible that way?


  • #4
    themoneyguy
    Registered Users, Registered Users 2 Posts: 76 ✭✭themoneyguy


    Just send in a letter saying you wish to pay by standing order and then lodge in money before your repayment date. Once enough is lodged before rep date you will be ok but if you get the amount wrong and dont cover the total repayment you could slip into arrears very easily.

    In summary it isnt a prob, you just have to be aware of how much you are lodging


  • #5
    mikehammer67
    Closed Accounts Posts: 699 ✭✭✭mikehammer67


    thanks
    i spoke to aib
    they can arrange weekly payments at PO using a personalised mortgage lodgement book


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