Posted by: Bod AtoUpdated at : 12:30 AM
Tags: MORTGAGE LOANS
Mortgage Fixed Interest Rates - In fixed interest mortgages interest rate remains constant throughout the life of the loan, does not cha...
Mortgage Fixed Interest Rates - In fixed interest mortgages interest rate remains constant throughout the life of the loan, does not change. Therefore, known before hand, and it pays well, the same fee each month, does not affect us if rates go up or down. This, like everything else, has its good side and its bad side. If rates go up, we will not be affected and we will not pay more. If rates go down, nor will affect us and we can not benefit from the descent.
In this type of loan usually set a few shorter, from 12 to 15 years, making the fee to pay fairly high. In addition, early repayment fees tend to be higher.
Mixed interest rate
We pay them mortgage mixed combines periods of fixed and variable interest periods. They usually begin with fixed rates for 3, 4 or 5 years then switch to variable rates. The repayment terms and charges for early repayment are similar to the variables. It must be said that this type of loan is not very common.
In this type of loan usually set a few shorter, from 12 to 15 years, making the fee to pay fairly high. In addition, early repayment fees tend to be higher.
Mixed interest rate
We pay them mortgage mixed combines periods of fixed and variable interest periods. They usually begin with fixed rates for 3, 4 or 5 years then switch to variable rates. The repayment terms and charges for early repayment are similar to the variables. It must be said that this type of loan is not very common.
Interest rate on fixed fee
They are variable-interest loans, but they resemble the fixed rate that is always paid the same fee, regardless of the evolution of interest rates. The difference is that if rates go up the repayment term is extended, and if rates go down, the time is reduced. Thus we have the peace of mind that we will always pay the same fee, but also the uncertainty of not knowing when it will finish paying the mortgage.
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Title : Mortgage Fixed Interest Rates
Description : Mortgage Fixed Interest Rates - In fixed interest mortgages interest rate remains constant throughout the life of the loan, does not cha...
Description : Mortgage Fixed Interest Rates - In fixed interest mortgages interest rate remains constant throughout the life of the loan, does not cha...