Fixed rate mortgages Fixed rate mortgages are easy to understand; the mortgagor (borrower) agrees to pay back a loan to the mortgagee (lender) at an interest rate that never changes. For example, a “30-year fixed” mortgage is the most common mortgage. The borrower agrees to pay back the loan over 30 years at a rate […]
Understanding Adjustable Rate Mortgages / ARM
10 July, 2017-Blog