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The term mortgage offset mean a flexible type of mortgage that allows one to reduce their rates and balance on loans and mortgage debts. This type of mortgage is uses more commonly in England.
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Why is Best Offset Mortgage a good deal?
Best Offset Mortgage is a good deal because of the low rates. Various banking institutions offer different rates and can vary greatly, so an Offset Mortgage is the best deal.
What does the term freedom mortgage mean?
Freedom Mortgage is not a just a term, but is actually a mortgage company. Freedom Mortgage Corporation is a private full-service mortgage lender that is licensed in all 50 states.
How is it that an offset mortgage calculator helps people pay off their mortgages quicker than they anticipated?
An offset mortgage calculator helps people pay off their mortgages quicker than they anticipated because the calculator allows them to properly assess their mortgage. Using an offset mortgage calculator is always a good idea.
What does the term bad debt mortgage mean?
The term 'bad debt mortgage' implies that the borrower has applied for a mortgage and been accepted. However, the borrower has then defaulted on his mortgage payments and it is considered that they are unlikely to be able to repay the loan.
Where is the advert for the new Barclay's offset mortgage filmed?
Alexander palace
What does 'balloon mortgage' mean?
The term 'balloon mortgage' refers to a type of loan where one pays off the majority of the capital at the end of the term. You pay the interest in the meantime.
Can you use long-term capital loss to offset short-term capital gains?
can long term gains be offset by short term losses
What does it mean by mortgage prequalification?
Mortgage prequalification is a term used when an initial application for a mortgage as been approved. This will depend on the information your originally applied for a mortgage, and will be further confirmed if you found a home to purchase.
Are rent leases cheaper than buying outright?
Renting is often less expensive than buying when a short-term stay is necessary. Over the long term, the equity in your home associated with paying off a mortgage can offset the short-term losses. However, investing the difference between a mortgage and rent costs can be more lucrative in certain localities.
How long is the typical repayment period for a mortgage?
The mortgage term is the length of time you commit to the mortgage rate, lender, and associated mortgage terms and conditions. The term you choose will have a direct effect on your mortgage rate, with short terms historically proven to be lower than long-term mortgage rates. The term acts like a 'reset' button on a mortgage. When the term is up, you must renew your mortgage on the remaining principle, at a new rate available at the end of the term.
What is an off set mortgage?
Also known as a flexible mortgage, an off set mortgage allows the amount of interest owed to be reduced by offsetting a credit balance. Offset mortgages are commonly used in the UK.
If discussing mortgage leads what would the term 'cherry picked' mean?
When discussing mortgage leads, the term cherry picked means looking at a list and selecting the best and most desirable lead that is suitable to your needs.
