Flexible Mortgages

Flexible Mortgages

Flexible Mortgages Explained...

If you are looking for a Mortgage product that allows a little bit more flexibility on repayments, then a flexible mortgage maybe for you.

You can choose to pay a little extra off every month, to help bring your mortgage capital down (this option maybe available on other mortgage products too.) and if you have already overpaid and hit hard times, you maybe able to reduce your monthly repayment, take a payment holiday or even skip a few payments.

There are negatives to Flexible Mortgage products and that is that the interest rates will usually be higher than other deals around.

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Your home may be repossessed if you do not keep up repayments on a mortgage or other loans secured on it. Think carefully before securing other debts against your homes.