Friday 10 September 2010
IMCM
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Potential risks of a multi currency mortgage

As with any financial product that offers you the opportunity to profit on a good level. There will always be associated risks. However the risks within a multi currency mortgage are capped at a certain level and this is monitored on a 24 hours, 7 days a week basis. So, there is a risk but it's a limited one.

 

With a multi currency mortgage, the whole aim is to reduce your mortgage by making the correct trades at the correct time. Even though you will be employing excellent currency managers, it cannot be guaranteed that they will make the right decisions all the time. Therefore a 'stop loss' is automatically set up on your mortgage account.  

 

Multi Currency Mortgage - Stop Loss Protection

 

As you can see, there is a risk that the size of your mortgage may increase. If it does you need to be able to afford the additional cost related to this. We will take this into account when giving you advice and confirming suitability of a multi currency mortgage.