You have probably heard it countless times in the news or articles about things like loan rates, interest rates, borrowings, the Reserve System and other similar things that don’t tell anything particular if you’re not an economist. And what’s all the deal with interest and loan rates. And more importantly, what does it have to [...]
The fixed rate mortgage
The fixed rate stays the same for the duration of the relationship and allows you to precisely define the payment plan. It is the optimal solution if the market rate rises, as it is disadvantageous if the market rate decreases.
The variable rate mortgage
The variable rate does not guarantee the [...]
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