HomeSite MapCompareFinanceDebtCasino Stepped discount mortgageThe mortgage definition for Stepped discount mortgage:Where the discount is, for example, fixed at one level for one year and then a slightly lesser level for two further years. Remember it is the percentage discount that is stepped and not the monetary amount, so your repayment can still vary. Similar MatchesDiscount periodDiscount periodThe time at the beginning of a mortgage life span when you are offered reduced repayments. Can be useful to help you overcome the often significant outlay involved with buying a property. Click to compare definitions of Stepped discount mortgage Click to view definitions beginning st |