The advantages and disadvantages of an open mortgage
An open mortgage is a type of mortgage that allows you to make extra payments and increase your payment amount without incurring penalties. Here are some of the advantages and disadvantages of an open mortgage. Advantages: Flexibility. With an open mortgage, you have the flexibility to make extra payments and increase your payment amount without incurring penalties. This can be useful if you have extra cash on hand or if your financial situation changes and you're able to aff