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The Blog of Jake and Renee!

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One Account Mortgage!

Mortgages are usually a big fat pile of debt that sits there accumulating interest as you slowly pay it off. The One Account Mortgage combines your debt into your normal current account and your monthly salary (while it is in your account) is offset against your mortgage balance. This means that while you have some of your monthly income left in your account, it is counted towards your mortgage debt and you pay interest one this reduced sum. "On top of this you can repay extra money on your mortgage any time you want without penalty or take a break from mortgage repayments if finances get a little tight."

Personally I think that this is a terrific idea! This is a wonderful way to help people with financial debt to get back on their feet and considerably lower their stresses! If you want more information on the One Account Mortgage, check out their site!



By Jake
On 2/25/2007
At 8:09 PM
Admin: New Post