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What is a fixed rate mortgage?

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What is a fixed rate mortgage?

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With this type of mortgage your interest rate will remain fixed for the entire life of the loan.

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A Fixed-Rate Mortgage is a loan that has its interest rate and payment set for the life of the loan. The benefit is that you always know what your principal and interest costs will be, which takes out the guesswork when planning for the future.

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A – The Interest Rate of the Mortgage remains the same throughout the term of the loan.

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I Want My Payment to be Stable, Thank You Fixed- Rate Mortgages should be selected if rates are currently low, and if your money is tight. They offer stability….

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A fixed rate mortgage has an interest rate that does not change for the life of the loan. The principal and interest payments as well are fixed.

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