You know that you can get your money back after closing of your home loan. Yes, you heard us right. Don’t know how? Cash Back Mortgage has made that possible.
With Cash Back Mortgage you are eligible to get up to 5% of the mortgage loan amount after your home loan has been closed. A lot of advantages are involved with Cash Back Mortgages. Cash Back Mortgages permits you to access required finances that will reduce your financial load at the time of buying a new house. Not only this, you can use Cash Back Mortgages money for any purpose whether that purpose is related to your home such as paying any fees that arise while home mortgage procedure or your new home improvement charges; or not such as paying your dues or education purpose.
The benefits of Cash Back Mortgages can be experienced by any type of borrower and these mortgages have different durations of terms varying from 5-10 years. Cash Back Mortgages have fixed time for mortgage terms and repayment can be set for weekly, biweekly, semi-monthly or monthly, depending on your convenience. But these types of mortgages have high interest rates in comparison to regular mortgages. One point should be kept in mind that amount you get from Cash Back Mortgage needs to be paid back as it is included in your home mortgage
Contact Mortgage Merchant today to get more details.