Flexible Tracker Mortgage The Best Of Both Worlds}
Submitted by: Darren Banthorpe Flexible Tracker Mortgages, simply put, is a flexible mortgage plus a tracker mortgage. That is, it is a mortgage deal which combines the features of both flexible and tracker mortgage models. The Flexible Part of the Deal Flexible Tracker Mortgages imparts flexibility to the mortgage payment schedule. Borrowers in this arrangement have the option of over paying, underpaying and payment holidays. It is a mortgage plan, ideal for the self employed who do not have consistent income streams, and require such flexible tools. Moreover, this option also helps long term financial planning and control. All anticipated and unanticipated expenses can be much better managed in this deal. For example, those undergoing a job transition can temporarily withhold the mortgage payments and thus better administer the remaining expenses. Meanwhile those who can afford over payments can make the extra payments and enjoy the fact they helping to…