Flexible Mortgage
A flexible mortgage takes in exactly the same concepts of flexible loans. With a flexible mortgage there is a built-in ability to either repay the loan early or late without any penalties and even take a short break from repayments if you need to save up for something. These terms would not be available on a standard loan and they are included because you acknowledge a certain amount of financial uncertainty in your future, whether good or bad. Often with non-flexible mortgages you would incur a penalty fee if you repay too much, and if too little this will be negatively noted on your credit record. The flexible mortgage enables you to get round this.
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