Fixed Mortgage Rate

For many, the thought of knowing that your mortgage interest rate is set and will not change for the contract term is a piece of mind. The fixed mortgage rate is guaranteed not to change until the end of its contractual term; at which point the borrower will have to renegotiate with the existing mortgage lender or shop around for a better interest rate and mortgage term. This is another great example of how a mortgage professional can help you find the best mortgage product and interest rate.

One thought on “Fixed Mortgage Rate

  • September 8, 2013 at 2:00 pm

    they can’t keep the rates too low for too long (thats partially how we got into this entrie housing mess) because rates were so low people could spend more than they could afford and then the rates rest blowing everyone out of the water on budgets

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