Search

Fixed Rate Vs. Adjustable Rate Mortgages



Conventional loans include “fixed rate” and “adjustable rate” mortgages. A fixed rate mortgage has a predetermined interest rate throughout the life of the loan, the most common are for 15 and 30 years.


However, an adjustable rate mortgage has a variable interest rate, and the most common are for 5, 7, or 10 years.



13 views0 comments

© 2020 Terconn, Inc.                                                                                                                                                                                                 contact@tocrres.com  

Terrie O'Connor Realtors Real Estate School.                                                                                                                                                                   (201) 327-7300

300F Lake St, Ramsey, NJ 07446