What is fixed rate mortgage?
The interest rate on a fixed rate mortgage is set for a pre-determined period – usually 6 months to 10 years. This offers the security of knowing what you will be paying for the term selected without rate fluctuation.
Author: Mock Webware |
The interest rate on a fixed rate mortgage is set for a pre-determined period – usually 6 months to 10 years. This offers the security of knowing what you will be paying for the term selected without rate fluctuation.