Hello,it best to have a simple interest mortgage as to a fix loan rate? Please advise.

It depends on several factors. What are you trying to accomplish? Are you planning on moving anytime soon?

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I think you are confusing terms. All mortgages are calculated using a form of simple interest. If you mean an Adjustable Rate Mortgage (ARM) vs a Fixed Rate Mortgage. I would have to tell you with rates as low as they are, it would likely prove to be foolish to take an ARM now. The long-term prognosis for interest rates is higher. The question is when, how fast and how high will they go, but don't take an ARM now. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ At NEXA, we've got you covered. We are licensed in all states except VA and we're pending approval in MA and NY. ~ www.ApplyYes.com 480-889-9000.