Augusta
VIP Contributor
When you are trying to get a mortgage you need to know the type you want. There's the fixed mortgage which comes with a fixed interest rate. Fixed mortgage shows that the rate will not change for the whole term or duration of the mortgage—This is always mostly for long term mortgage like about 30 years. There will be no change of interest rate even in the future.
On the other hand a variable-mortgage otherwise known as an adjustable-rate mortgage has an interest rate that fluctuates overtine. Variable mortgage loan’s life is depended on what interest rates are ongoing at a particular time.
On the other hand a variable-mortgage otherwise known as an adjustable-rate mortgage has an interest rate that fluctuates overtine. Variable mortgage loan’s life is depended on what interest rates are ongoing at a particular time.
