An offset mortgage basically uses the interest from your savings account against the interest charged on your mortgage. Usually your mortgage lender will link your mortgage and savings account into a single account, with the same financial institution. Each month, the amount you owe on your mortgage is reduced by the amount you have in [...]
Posts Tagged ‘Overpayments’
Offset Mortgage, Offset Mortgages, Mortgage, Mortgages, Offset
Posted by admin on December 31st, 2009
What Is A Flexible Mortgage?
Posted by admin on December 29th, 2009
A flexible mortgage is a secured loan, which can be paid back in differing amounts while providing access to the housing equity (within pre-agreed limits). There are five key features with a flexible mortgage: the ability to pay the mortgage off early through overpayments or lump sum payments, the ability to borrow money back by [...]
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Tags: 10 Months, 100 Mortgage, 3 Years, Capital Debt, Control, Flexible, Flexible Mortgage, Lump Sum Payment, Lump Sum Payments, Lump Sums, Money Mortgage, Money Savings, mortgage, Mortgage Interest Rate, Mortgage Loan, Mortgage Payment, Mortgage Rate, Overpayments, Payment Holidays, Savings Account, Secured Loan 
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