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A fixed-rate mortgage is generally better for most people because it offers a stable interest rate that won't change over time, providing predictability in monthly payments. An adjustable-rate mortgage may have lower initial rates but can fluctuate, potentially leading to higher payments in the future.

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6mo ago

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Would it be cheaper to get a loan to pay your mortgage off?

Probably not as the rate is usually a lot better on a mortgage


Is mortgage better than a loan?

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Is a mortgage considered a bond type security?

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What does it mean to refinance a mortgage or loan?

To refinance a mortgage or loan means to replace an existing loan with another loan. The new loan usually has better terms, such as a lower interest rate. The new loan is used to pay off the old loan, and one makes payments under the new terms.


Where can I find loan modification leads?

The best way to see about a home loan modification plan is to talk to your mortgage broker. In these times, most mortgage companies are willing to work with their customers to arrange a loan that works better for them.


Do I need a mortgage broker to refinance my home loan?

You don't need a mortgage broker to refinance your home loan, but they can help you find better deals and navigate the process more easily.


What are the benefits of hiring a mortgage loan attorney?

Hiring a mortgage loan attorney can provide benefits such as legal expertise in navigating complex mortgage agreements, protection of your rights in case of disputes, and assistance in negotiating better terms with lenders.


How can one get poor credit mortgage loan in Ottawa?

To get a poor credit mortgage loan in Ottawa a person needs to seek the advice of a lending company who can help you with getting a loan. Many times they will tell you how to get your credit in better standings so that you may get the loan.


What is a Open end mortgage loan?

What is a Open end mortgage loan?


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Actually the better the credit score the better are the offers for a mortgage credit loan. In general the interests offered for a new loan depend (besides others) directly on the credit score.


How can I lower my mortgage through refinancing?

Mortgage refinancing is a good way to lower your mortgage. Refinancing brings your payments down by finding a better loan. Refinancing allows you to have lower monthly payments which will allow you to pay off your loan faster.