Fixed and Floating Charge. Definition: A fixed and floating charge is a form of security interest usually taken by a lender from a company to secure repayment of a loan.The company granting the charge is usually referred to as the  Chargor  and the person in whose favour the charge is granted is typically called the  Chargee .This form of security is called fixed and floating because the chargee has:The true ingenuity of the fixed and floating charge is that it permits the chargor to deal with and sell their stock etc in the ordinary course of business without requiring consent from the chargor.his form of security is called fixed and floating because the chargee has: The true ingenuity of the fixed and floating charge is that it permits the chargor to deal with and sell their stock etc in the ordinary course of business without requiring consent from the chargor.
Under the existing program, the same person can tap up to 61.9 percent of the homeâs value using a standard reverse mortgage, and 52.3 percent using a saver mortgage (which is cheaper than the standard, but gives you access to less home equity).
Generally speaking, if you have a very low mortgage rate, it is better to invest the money than to pay off your mortgage. Itâs an interesting fact â the rate of return on your mortgage is the interest youâre paying on it.If you have a 6 percent mortgage and youâre paying it off, youâre earning 6 percent. If you can earn more than 6 percent in the stock market, you should probably put it in the stock market.enerally speaking, if you have a very low mortgage rate, it is better to invest the money than to pay off your mortgage. Itâs an interesting fact â the rate of return on your mortgage is the interest youâre paying on it.