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A type of flexible
which calculates the mortgage holder's net
by subtracting the
from the mortgage balance. By linking a homeowner's
, such as a
or even a
, to the mortgage the homeowner could see a
. For example, a homeowner with a mortgage balance of $400,000 and a credit balance of $50,000 in a
would have a net balance of $350,000 ($400,000 - $50,000). The interest would be
on the $350,000. An offset mortgage is most likely to be used in the United Kingdom.
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