
If you’re buying a house, you’ll most likely need to borrow money through a mortgage – and for many people, the right solution is a fixed-rate mortgage. But what is a fixed-rate mortgage, and why do some people choose them? What is a Fixed-Rate Mortgage? A fixed-rate mortgage is one in which your interest rate stays the same over the course of your loan. Your interest rate won’t go up, and neither will your payments, so you’ll always know how much to budget, whether you have a 10-year, … Continue reading...