Mortgage lenders traditionally discourage mortgage repayment in full, as it reduces their income stream. However, this approach can benefit borrowers by saving them money and providing financial security. The existence of alternative solutions, like the Sprive fintech app, suggests that there may be a way to address both the technology behind mortgage lending and its associated financing arrangements. This could potentially empower borrowers to make early repayments without facing penalties or adverse consequences.A thorough examination of the implications of such a solution is necessary, taking into account the potential impact on the mortgage industry, lenders, and consumers.
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Most mortgage lenders would rather people didn’t pay off their mortgages early. After all, that’s that’s how they make their money. Indeed, overpayment is positively discouraged and sometimes even penalized. What if there were a solution that solved the technology behind it, alongside the financing arrangements? That’s the idea behind the Sprive fintech app. This […]
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