Kelleway Mortgage Architects

Split mortgages are a type of mortgage that is composed of more than one component. For example, one part of the loan may be comprised of a fixed rate mortgage while a variable rate line of credit is used for the remainder.

This type of mortgage would be useful in customizing to the clients needs. However, while the client would get all the advantages of the mortgages incorporated into the split mortgage, they will get all the disadvantages as well.