Watched this last night - very enlightening.
The whole rolling interest repayment whereby you only paid part of the itnerest you owe and the rest is added to the outstanding mortgage for you to refinance 1-2 years later is unbelievable.
I understand developers got it here but wonder why it was never offered to homeowners here. at least we weren't that bad.
And "stated income" ?? No don't give us any proof of earnings just tell us what you earn and thats enough?[/quote]
Certain mortgage companies here do that also, one of which closed last week. It was a part Irish life/ptsb and there is also Start as well.