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Mortgage Glossary Letter "O"
A,
B,
C,
D,
E,
F,
G,
H,
I,
J,
K,
L,
M,
N,
O,
P,
Q,
R,
S,
T,
U,
V,
W,
X,
Y,
Z
Click on the letter or the term you wish to have defined. You will them be take to a page with an explanation for what the term means
Overpayment
This is the term for paying more than the required monthly repayment, and can save you lots of money in the long run. Check that your lender will allow you to do this, and that they won’t charge an early repayment fee if you end up settling your debt years in advance of the original mortgage term.
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