Low start mortgage: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Create the page. Sources: linked pages.) |
imported>Doug Williamson (Classify page.) |
||
Line 8: | Line 8: | ||
* [[Affordability mortgage]] | * [[Affordability mortgage]] | ||
* [[Mortgage]] | * [[Mortgage]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] |
Latest revision as of 18:06, 1 July 2022
A mortgage loan where the borrower's repayments are initially set at a low rate, resetting to a higher rate once the introductory period is over.
Also known as an 'affordability' mortgage.