 Sam
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Joined: 21 May 2005
Posts: 281
Location: CALIFORNIA
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 Posted: Sat Jun 12, 2004 4:08 am Post subject: Divorcee Mortgage |
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Divorcee Mortgage is a type of mortgage, which is specially designed for those who rely on their former spouses for maintenance payments.
Main features of divorcee mortgage are as following:- It is an innovative solution for those who are financially dependent on their ex-partners.
- It has unique, flexible, underwriting criteria.
- It allows payment holidays and over/under payments.
- It charges no redemption penalties for remortgaging.
- It offers standard variable loan rate.
- It does not require court proof of maintenance agreement.
- Here maintenance payments are treated like salary payments.
- It offers loans upto 80% of property value.
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