What is the best provider for "flexible" mortgages that allow savings deposits to offset mortgage balance?

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What is the best provider for "flexible" mortgages that allow savings deposits to offset mortgage balance?

2007-03-26 22:49:12 · 3 answers · asked by skay4242 1 in Business & Finance ➔ Renting & Real Estate

This is known as an offset or flexible mortgage in the UK. However I cannot seem to find a similar option in the US.

2007-03-26 23:13:23 · update #1

3 answers

I'm not aware of any such mortgage product in the US. We don't have endowment mortgages here either, thank God!

2007-03-26 23:25:48 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋

Ha ! if you don't have a fixed interest rate your screwed the second you sign on the dotted line...

2007-03-26 22:52:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋

Are you referring to verifying reserves in leui of income?

http://www.fivestarsmortgage.com/our-programs/

A variety of ways to qualify can be found there.

2007-03-26 23:14:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋