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Real Estate City Information: Mortgages
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Fixed-Rate Mortgages
The interest rate may be your main consideration if you expect
to stay in your house for a long time. With a fixed-rate mortgage,
you can be sure that your interest rate will stay the same for
the entire life of your loan. Fixed-rate mortgages are available
in a variety of repayment terms, with 15, 20, and 30 years the
most common.
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