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    fits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. The disadvantages of a fixed rate mortgage is that inter
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    A fixed rate mortgage is a normal loan with a fixed interest rate and fixed equal monthly payments for the entire period of the loan. The main appeal of a fixed rate mortgage is that you know exactly what your mortgage payment will be for the life of the loan and this type of loan is perfect for anyone who likes to budget monthly expenses and also plans to keep their home for many years. The fixed rate mortgage is the most common and they are usually for a 15 - 30 year term. They all use real estate as collateral.

    The Pros & Cons

    There are benefits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. The disadvantages of a fixed rate mortgage is that intere

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    ppeal of a fixed rate mortgage is that you know exactly what your mortgage payment will be for the life of the loan and this type of loan is perfect for anyone who likes to budget monthly expenses and also plans to keep their home for many years. The fixed rate mortgage is the most common and they are usually for a 15 - 30 year term. They all use real estate as collateral.

    The Pros & Cons

    There are benefits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. The disadvantages of a fixed rate mortgage is that inter

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    ect for anyone who likes to budget monthly expenses and also plans to keep their home for many years. The fixed rate mortgage is the most common and they are usually for a 15 - 30 year term. They all use real estate as collateral.

    The Pros & Cons

    There are benefits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. The disadvantages of a fixed rate mortgage is that inter

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    and they are usually for a 15 - 30 year term. They all use real estate as collateral.

    The Pros & Cons

    There are benefits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. The disadvantages of a fixed rate mortgage is that inter

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    fits and drawbacks to consider when deciding if a fixed rate mortgage is right for you. The disadvantages of a fixed rate mortgage is that interest rates are usually higher than a variable rate loan and if interest rates drop you will be tied into your set higher rate until the end of the agreement. An advantage of a fixed rate mortgage is a lower interest payment if the mortgage is taken out in a period of low interest rates. However, a fixed rate mortgage is not for everyone with its higher interest rates and therefore a reduction in your buying power.

    Pick Your Time

    The fixed rate mortgage is the most sought after loan option that is currently available. The monthly repayments are ca

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