The Dutch offer home mortgages with evolving interest rates that can automatically decrease over time.
However, other countries are taking notice: The Dutch mortgage lender DMFCO recently began offering Dutch-style mortgages in the UK.
AdvertisementBut there are some deeply entrenched features of the American mortgage system that make it unlikely we'll see widespread adoption of Dutch-style mortgages.
AdvertisementAdditionally, mortgage interest rates in the US aren't determined by the loan-to-value ratio beyond a certain point.
AdvertisementBut Cecela says he's interested to see what happens with the Dutch-style mortgages newly on offer in the UK.
Persons:
—, Lindsey Harn, Lindsey, Harn, Guy Cecala, Cecala, Melissa Cohn, Raveis, Cohn, he's
Organizations:
Service, Business, Lindsey Harn Group, Mortgage, Mortgage Finance, USA
Locations:
Netherlands, San Luis Obispo County , California, Europe