Monday, October 18, 2004
Fixed Rate Mortgages - Fixed Rate Mortgages (FRM) - Online Resources
Fixed Rate Mortgages - Fixed Rate Mortgages (FRM) - Online Resources: "Fixed Rate Mortgages
There are various fixed terms available from most brokers, anything from 10, 15, 20, 25 or 30 years is available with 15 and 30 year terms being the most common.
Fixed rate mortgages have two distinct features. Firstly, the interest rate remains fixed for the term of the loan. Secondly, the payments are structured to fully repay the principle and interest over the life of the loan."
There are various fixed terms available from most brokers, anything from 10, 15, 20, 25 or 30 years is available with 15 and 30 year terms being the most common.
Fixed rate mortgages have two distinct features. Firstly, the interest rate remains fixed for the term of the loan. Secondly, the payments are structured to fully repay the principle and interest over the life of the loan."
