Tag Archives: fixed rate mortgage

How To Choose The Best Fixed-Rate Mortgage

We have already spoken about what factors to consider when deciding between a fixed rate mortgage and an adjustable rate mortgage. If you are still stuck with this decision, you should read that section again. As mentioned before if you want peace and security of mind, you would probably be better off with a fixed-rate […]

Should You Lock Interest Rate With A Mortgage Lender?

Most lenders will agree to lock the rate and other terms that they quote you for a 30 day period. For a nominal fee or slight interest-rate increase lenders will typically, to hold the rates for 45 to 60 day period. The obvious benefit is that this commitment of rate lock as it’s often called […]

Understanding Fixed-Rate Mortgages

The commonest kind of fixed-rate mortgages are a 15 years on a 30 year mortgage. Over the entire term of this kind of the mortgage the interest rate remains the same and so does your monthly mortgage payment. Therefore, these kind of mortgages are predictable, there are no surprises and peace of mind regarding future […]

Advantages of Choosing A Fixed Rate Mortgage

As mentioned before a fixed rate mortgage has maintained its popularity with borrowers over several decades. In fact this was the only kind of mortgage that was offered to borrowers a few years back before more progressive variations of mortgage loans such as the variable rate mortgage were brought into practice. While other kind of […]

What Is A Fixed Rate Mortgage And It’s Benefits

A fixed rate mortgage is when the interest rate is decided upon the signing of the mortgage contract and remains the same throughout the tenure of the mortgage. In a fixed rate mortgage, the borrower can know exactly what his payment plan is going to be since the installment is going to remain fixed throughout. […]

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What Is A Fixed-Rate Mortgage

A fixed rate mortgage is a home loan with a fixed interest rate and a fixed mortgage payment every month for the duration of the loan that is typically 10 to 30 years. A fixed rate mortgage is the commonest kind of a home loan. In a fixed-rate mortgage the lender allows the consumer to […]