flexible mortgage

/ˌfleksɪb(ə)l 'mɔ:gɪdʒ/ noun
a mortgage that gives the borrower the freedom to change the amount and frequency of his or her mortgage payments

Dictionary of banking and finance. 2015.

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  • Flexible mortgage — The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Australia in the early 1990s (hence the US term Australian mortgage) …   Wikipedia

  • flexible mortgage — A mortgage on a property in which the lender (mortgagee) allows a measure of flexibility in the repayments made by the borrower (mortgagor). In some flexible mortgages the borrower may overpay on the nominal repayments in order to pay off the… …   Big dictionary of business and management

  • flexible mortgage — A new type of mortgage that is becoming more popular, especially among the self employed and other people who may experience uneven cash flow. It allows you to vary your monthly payments without any penalty, and even to take a payment holiday for …   Financial and business terms

  • Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …   Wikipedia

  • flexible — flex‧i‧ble [ˈfleksbl] adjective 1. a person, plan etc that is flexible can change or be changed easily to suit any new situation: • flexible investment opportunities • More firms are offering flexible benefits (= extra money or other advantages …   Financial and business terms

  • Mortgage industry of Denmark — The mortgage industry of Denmark has proved very effective in providing borrowers with flexible and transparent loans on conditions close to the funding conditions of capital market players. Simultaneously, the covered mortgage bonds[1] transfer… …   Wikipedia

  • Mortgage-Backed Note — A type of promissory note that is associated with a particular mortgage loan. Mortgage backed notes represent the legal promise to repay a mortgage loan. These notes specify the terms of the loan, including the amount of interest and principal… …   Investment dictionary

  • Flexible Payment ARM — A type of adjustable rate mortgage that allows the borrower to select from four different payment options each month: a 30 year, fully amortizing payment; a 15 year, fully amortizing payment; an interest only payment or a minimum payment .… …   Investment dictionary

  • Flexible spending account — A flexible spending arrangement (FSA), or Flexible Spending Account, as they are commonly called, is one of a number of tax advantaged financial accounts that can be set up through a cafeteria plan of an employer in the United States. An FSA… …   Wikipedia

  • flexible-rate mortgage — /flek seuh beuhl rayt /. See adjustable rate mortgage. * * * …   Universalium

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