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Most home buyers prefer a fixed rate mortgage because they do want to risk their rates going up. On fixed rates, you are guaranteed that your rate will not increase.

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Q: Why do most home buyers prefer a fixed rate mortgage?
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Why do home buyers prefer a fixed-rate mortgage?

Most home buyers prefer a fixed rate mortgage because they do want to risk their rates going up. On fixed rates, you are guaranteed that your rate will not increase.


Why do home buyers prefer a fixed -rate mortgage?

Most home buyers prefer a fixed rate mortgage because they do want to risk their rates going up. On fixed rates, you are guaranteed that your rate will not increase.


What type of home mortgage has payments that CANNOT change?

fixed-rate mortgage


What is a self certify mortgage used for?

Self certify mortgage was introduced to help home buyers who had funds available for deposit on a property. These home buyers were unable to demonstrate their true earnings because they are either self employed or working as contractor.


Where can one go to get a home mortgage in Bowling Green?

Bowling Green, Kentucky, has dozens of home mortgage lenders for prospective home buyers. US Bank, PNC, Meyer Mortgage and BB&T have locations in this city.


What is the average fixed home mortgage rate in the Cleveland area?

Current fixed home mortgage rates range from 3-4.5%. The rate will depend on what length of a term you decide to take on your mortgage, the longer the term, the lower the rate will be.


What is a competitive fixed mortgage provider?

One will find that the benefits offered by competitive fixed mortgage providers to prove quite helpful and stable. Fixed mortgages don't change unless until renewed, so fixed mortgage providers provides fixed mortgages to home owners where they have to pay a fixed amount of money for their mortgage per month.


What exactly is an equity fixed home loan?

An equity fixed home loan is a home equity loan with a fixed interest rate. These are used to repair a roof or fix a septic system. The homeowner takes this loan out in addition to the first mortgage and the equity fixed home loan is often referred to as the second mortgage.


What is the average home mortgage loan rate in WI?

The average mortgage loan rate in Wisconsin is around 4.49%. That is based on a 30 year fixed average. A 15 year fixed home mortgage loan average is around 3.65%.


Where can one find information on first time home buyers mortgage?

For information on first time home buyers mortgage, people can visit the local US Department of Housing and Urban Development site. Such information is also available on local bank's websites.


What are the mortgage rates in SalemOR?

Mortgage rates are about 4.25% in Salem Oregon. That's the interest rate for home buyers in that area. Mortgage rates do differ based on a credit score.


Which banks give mortgage loans to first time buyers?

To purchase your first house and get a mortgage you should definitely take a look at US bank for First-time buyers. Take a look here - https://www.usbank.com/mortgage/first-time-home-buyers.html