Fixed Rate Mortgage Articles

15-year Fixed Rate Mortgages Defined
A 15-year fixed-rate mortgage offers homeowners a way to pay off their home purchase twice as fast as with a conventional 30-year fixed-rate mortgage.. How do 15-year fixed-rate mortgages work?Fixed-rate mortgages are the most common type of mortgage loans. With a 15 year...

Benefits and Drawbacks of Fixed Rate Mortgages
The most common type of mortgage is the fixed rate mortgage.  This mortgage type features a 15 or 30-year term length with a fixed rate that never adjusts upward or downward during the life of the loan.  . There are benefits and drawbacks to this type of loan.....

Adjustable Rate Mortgage or Fixed Rate Mortgage: Which Is Better?
The most common mortgage options are fixed rate mortgage an adjustable rate mortgage.  Which of these is best?  This depends on your situation and your unique financial goals.Adjustable rate mortgages come at a much lower initial interest rate than...