Advantages and Disadvantages of Fixed Rate Mortgage

The Advantages & Disadvantages of a Fixed Rate Mortgage

Last Updated 12/29/2014

Fixed rate mortgages are the most popular type of mortgage in the United States and with good reason. These are simple, straightforward loans where the monthly payments never change. However, while a fixed mortgage works well in many situations, it’s not the best choice for everyone. It’s important to know if…

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What is a Fixed Rate Mortgage?

Last Updated 12/17/2014

With a fixed rate mortgage, you’re dealing with the total opposite of an adjustable rate mortgage. A fixed rate mortgage is as its name suggests: a loan with an interest rate that is set from the beginning and will not change at all during the loan term. A fixed rate mortgage…

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