Affordability mortgage

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Revision as of 12:22, 26 October 2016 by imported>Doug Williamson (Mend link.)
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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.

The initial rate may be either a variable or a fixed rate.


Also known as a 'low start' mortgage.


See also