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Fixed rate mortgages are part of the first discussion. These are loans that have to do with the interest rate and how it can be set. Those that are on fixed rate mortgages have the opportunity to stay at a set rate of interest for the entire period of the loan. The main characteristic of the fixed rate all has to do with the interest. This is how you can tell it apart easily from the rest.
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A borrower may require a construction loan and research might show that a line of credit feature in a loan will work best for them. Your best mortgage may be a fixed rate loan or a variable rate loan. Some people may want interest only payments for a fixed period. Others may want only a principle plus interest mortgage.
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