The Intelligent Finance Mortgage

An Offset Mortgages, which is a type of flexible mortgage, is just one great service offered by IF Mortgage. This is definitely the top flexible mortgage on the marketplace as it not only lets you have flexibility with you monthly payments, but lets you save money on interest you would have to pay in other mortgages.

The system works simply. Firstly, you only have to pay interest on the net sum in your account. This means that they subtract the bank account balance (savings and/or current) from your total mortgage and charge you interest on only this. Basically you end up paying interest on a lower amount than your mortgage. Another great thing is that it is flexible in the payments. You can either overpay the amount every month, or underpay it, and in case you have overpaid previously and want to borrow some of that money back, you can even do that. Finally, you can also take a vacation from payments.

For instance, if you know it will be difficult to make payments say around the holiday period, you can ask for a couple of months with no payments and make up for it later. This is a great mortgage program that is especially convenient for people that either have their own businesses, or work freelance, since you don’t always know how much you will be making each month.