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by WhiteListed
1752 days ago
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Most banks offer a fixed rate for an x number of years while you pay your mortage in 30 years. The lower x is, the lower the interest you pay during those years. For example, banks can offer the following loans:
- 20 year fixed rate at 1.30%
- 30 year fixed rate at 1.42% So there is a possibility to gamble with the interest rates while still having a "fixed" rate. |
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