Mortgage Terms Explained - Fixed Rate Mortgage
| Money : Mortgages A fixed rate mortgage is a term you are sure to come across when investigating a mortgage. Luckily it is also one of the clearest and most understandable terms. A fixed rate mortgage is a home loan in which the interest rate stays exactly the same through the whole life of the loan. The advantage for the homeowner here is certainty - it is easier to plan and budget for as they know that the interest rate will not change.
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