One of the biggest decisions with your first loan is what kind of mortgage to get. A variable-rate mortgage will have a lower interest rate and lower payments at first, but after the first five or seven years, the interest rate could increase significantly and drive up your monthly payments. On the other hand, a fixed-rate mortgage allows you to lock in the same interest rate for the whole mortgage. If interest rates are low and you plan to keep the mortgage a long time, a fixed-rate mortgage is generally best.
Choose Fixed vs. Variable Mortgage Loan
One of the biggest decisions with your first loan is what kind of mortgage to get. A variable-rate mortgage will have a lower interest rate and lower payments at first, but after the first five or seven years, the interest rate could increase significantly and drive up your monthly payments. On the other hand, a fixed-rate mortgage allows you to lock in the same interest rate for the whole mortgage. If interest rates are low and you plan to keep the mortgage a long time, a fixed-rate mortgage is generally best.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Central Bank of Libya مصرف ليبيا المركزي Headquarters Tripoli Established 1956 Central bank of Libya Currency Libyan dinar ISO 4217 Code L...
-
സ്ത്രീകള്ക്കും ആസ്വദിക്കാം സ്വയംരതി..... സ്വയം ആനന്ദിക്കാന് കഴിയുന്നത് മഹാഭാഗ്യമാണ്. സ്വയം ശരീരത്തിനെയും മനസിനെയും സന്തോഷിപ്പിക്കാന് ക...
-
Its a miniature museum of ancient goan village life.The chief attraction of this open air museum is the "Legend of the Big Foot"....
-
Agence de Voyage et Tourism Avenue des Mille Collines Phone Contacts: +250 252501388 Email: oida56@ahoo.com Cite Tours & Travel Phone Co...
-
Lake Malawi, which is also known as Lake Nyassa in some of its housing countries. The lake is shared by several countries. It is a rift for...
-
The long distance view of the water falls diverted the tourist's attraction from the monkeys. She reaches here after travelling many kil...
-
The original plan of the town was laid out by the Lusignans, but when the Venetians took over in 1489 they completely renovated the enclosi...
-
The typical radiation doses associated with some common imaging tests are shown below. Remember, the annual dose we all receive from backgro...
-
This is the Great Blue Hole of Belize, It is believed that this hole is the world’s largest sea-hole.
-
A night view of Grand Palace of Thailand The Grand Palace is a palace of jewels and gold, which became one of the first splendor in Thailand...
No comments:
Post a Comment