Flexible Mortgage Financial Glossary

What is it? A mortgage that allows you to borrow up to an agreed amount, so that you can increase or decrease the mortgage depending on your circumstances, or sometimes temporarily stop making payments altogether.

Finance Term Definition Added By: Julian

Send To Friends!

If you'd like to send the Flexible Mortgage definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -


We hope you now understand the meaning of Flexible Mortgage. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Limit Order is When you instruct your broker to buy or sell a given security at a specific price.

Financial Term Community land trust is A community land trust is a private, non-profit organization whose goal is to acquire and hold land for the benefit of the community and to provide secure affordable access to land and housing for community residents.

Financial Term Private Mortgage InsurancePMI is Insurance that protects a lender against loss during the period when there is no equity in a home and the down payment is less than 20 percent of the purchase price. It is paid for by the home buyer.

Financial Term Reserves and funds is Savings we have built up from surpluses.

Financial Term Incremental Borrowing Rate is The rate that, at the inception of the lease, the lessee would have incurred to borrow over a similar term the funds necessary to purchase the leased asset.