Discount Rate Mortgages - Discount rate mortgages are mortgages that have a discounted rate of interest than normal for a certain period of time period at the start of the mortgage loan. The amount, or percentage, by which the mortgage rate is discounted for the initial period, and the length of the discount period, both vary between discount rate mortgages.
Discount rate mortgages may be most suited to individuals who are in need of extra finance during the first few years of a purchase, such as first time buyers or those in the early years of a professional career. Generally, the rate of interest on the mortgage reverts to a standard fixed or variable rate following the discount rate period for the rest of the loan’s life, in the case of discount rate mortgages.
At Capital Fortune, we pride ourselves on finding the right mortgage for your current circumstances and plans for the future. Using our holistic approach to mortgage brokerage, we can identify which discount rate mortgages can suit you best. Whether you are looking at discount rate mortgages to fit your career, or simply want to soften the costs of decorating and furnish your new home, discount rate mortgages can be found through Capital Finance
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