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With a Stabilised payment mortgage the borrower is allowed to select an interest rate within a given range. If at the end of an agreed period the loan has been over paid, a capital adjustment will be made to reduce the debt. Conversely, if the loan has been under paid, the capital sum then owed is increased.
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.