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Capped Rate Mortgages
Capped rate mortgages
are a compromise between fixed rate and variable rate mortgages. There
is a fixed upper rate charged on your home loan but, if the base rate
falls or remains stable or falls, the interest charged on it remains in
line with it. Capped rates are a safe option, if you have a fixed rate
mortgage and rates fall, your repayments would not fall in line with the
decrease. With a capped rate however you would benefit form any fall in
rates. If you have a discount mortgage and rates rose, your repayments
would increase. With a capped rate your repayments do not rise above a
certain level. With a capped rate mortgage however you can not benefit
from the best rates available, better deals can be found on fixed rate
and discount mortgages. The theory is the caps offer the best of both
worlds.
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Our Difference?
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have no proof of income.
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Loan Rates
Mortgages and
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loans from
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