Is your loan on your property always fully paid off at the end of the mortgage agreement? UK?
Answers:
No, not always. Only if you have a repayment mortgage. If you have an interest only or an endowment mortgage then you will still owe money at the end.
For more advice, go to your local bank or building society who will be happy to explain about the different types of mortgage.
I am sorry but no. I am a loan officer and in my training they said a loan isn't always paid off.
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