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WHAT ARE THE ADVANTAGES OF FIXED VS. ADJUSTABLE INTEREST RATES?

April 26, 2017Adjustable advantages fixed interest rates vs

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WHAT ARE THE ADVANTAGES OF FIXED VS. ADJUSTABLE INTEREST RATES?

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Fixed rate allows you to have total control over the life of the loan and you can budget your payments. Adjustable loans are easier to qualify for and you can qualify for a larger mortgage amount than with a fixed rate. The trade off is that your mortgage payments can increase with time with certain limitations. There are some very good adjustable loans in the market.