Posted on: 20th Feb, 2009 11:53 am
A company in our area called Horizon Financial and Insurance is advertising two-way mortgages.
did they give a description of what that means at all?
they said it is designed so that you put as much money as you want in this motgage account, it pays the mortgage premium and the rest earns interest (higher than bank) and if ever we need that money for any reason we simple draw it when needed. About a 2000.00 closing involved.
Hi bullbuster,
Seems interesting but it's quite new to me. I have never heard about such a plan before. I would suggest you to check out their credentials before dealing with them.
Thanks
Seems interesting but it's quite new to me. I have never heard about such a plan before. I would suggest you to check out their credentials before dealing with them.
Thanks
What did you decide to do? We have been looking into one as well. It sounds great but I'm concerned that it is a scheme.
i have yet to see a satisfactory explanation for this.
Can you share anyother details they provide you to knoe the details about this two way mortgage?
Have you note down the difference that of regular mortgage?
Have you note down the difference that of regular mortgage?