There are variety of mortgage loans you can apply for depending on your income situation. The most common one is the fixed mortgage loan. In fixed mortgage rates, the principle and the monthly payments for interest do not change throughout the duration of the loan, therefore borrowers are protected from fluctuations in mortgage interest rates. The advantage of fixed rate mortgage interest rate is that the borrower can keep a track of the exact amount of the payments made.
Dec 10, 2007
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2 comments:
Nice blog. From your blog, i have got an idea on mortagage loans. Thanks for giving an advantage of Fixed mortagage rates. I hope this site will help others a lot.
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