Benefits of a Cheque Book Mortgage explained by the Offset Mortgage Centre
February 21, 2008 (PRLEAP.COM) Business NewsThe leading flexible and offset mortgage review site, The Offset Mortgage Centre, are please to announce the recent publication of their free online article about Cheque Book Mortgages, also known as a Current Account Mortgage. It provides an insight as to how a Cheque Book Mortgage can benefit borrowers looking for a mortgage. The full article, along with other articles on similar topics can be viewed at http://www.offsetmortgagecentre.co.uk/cheque-book-mortgage.html
The article describes how a Cheque Book Mortgage combines savings, debts and mortgage into one account; any income left over at the end of the month is used to reduce the mortgage repayments, and borrowers are given a cheque book to access the funds in their account. The article then looks at how a Cheque Book Mortgage is flexible by offering various payment options pertaining to overpayments, underpayments and payment holidays; and the types of borrowers a Cheque Book Mortgage is suitable and not suitable for. Lastly the article advises that before any mortgage is considered, impartial advice should be sought.
About The Offset Mortgage Centre
The Offset Mortgage Centre is a non profit website designed to provide a comprehensive resource for visitors interested in learning how to save money, and reducing the terms of their home finance. The goal of the website is to educate the mortgage layman in the concept, features, benefits, and negative aspects of a Flexible or Offset Mortgage. The information is provided in the form of articles targeted at specific topics. For more details about Cheque Book Mortgages, visit, http://www.offsetmortgagecentre.co.uk/cheque-book-mortgage.html