What is compound interest? It’s also important to know that lifetime mortgages are subject to compound interest, which will significantly increase the amount owed if no payments are made. Your Key adviser will provide you with a full personal illustration of how compound interest will affect the amount that you owe over time. Find out more on our website >> The loan, plus interest owed, is typically repaid from the sale of the home when the last borrower dies or moves to long-term care.
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