Monday 17 December 2007

Cashback Mortgages

A variety of mortgage offers come with attached Cashback Offers. With these, upon completion of your mortgage the lender will pay you an agreed some of money back. This 'present' can be used for anything you like. But it's not without strings. The interest rate you are paying might be slightly higher than you would otherwise be paying - effectively adding the cachback amount to the loan.

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