Wah! after 10 years of paying, you still haven't start to pay the principal amount Not only did the amount didn't grow less but added with more interest to the principal amount. Still can't understand how it came to this. I don't know how bank works but on my first house, my loan was attached to an OD facility. After renting the house out, the rental can't cover the installments and when I am in difficulty the OD will top up the instalments. After 15 years of paying (the tenure of the loan), I still owe the bank almost 60K from the 100K loan I took. After finishing I have to transfer the title to my daughter and take another term of loan for 10 years to settle the amount. We are always paying to banks no matter how careful we are.

This post has been edited by etigge: Apr 4 2011, 02:04 PM