The rate of interest charged on a mortgage, more commonly known as “mortgage rate” is virtually a non-factor these days. Of course, as with everything else, this is also relative; hence, the
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New Mortgage Type Available with DC Lender
Comment Off 42 ViewsWhereas adjustable rate mortgages (ARMs) have the advantage of low rates, fixed-rate mortgages stand out by the predictability of the monthly payments. The best features of both these types of loans
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Fixed-Rate Mortgage Comparison by Length
Comment Off 32 ViewsThe main feature of a fixed rate mortgage is the fact that the interest rate does not modify over the life of the loan. The borrower pays the same amount without further rate adjustment. Fixed-rate
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