The dissimilar nature of revenue structure of self-employed people warrants the use of flexible mortgages. Flexible mortgage is called thus because of the flexibilities that it offers. A flexible mortgage differs from the regular mortgages because of the terms on which it is offered. In flexible mortgage, the borrower has the option to pay as and when he wants to pay in whatever amount. Similarly, interest is calculated on a daily basis rather than on a monthly or annual basis.
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