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What is the definition of fixed mortgages?

A fixed mortgage is a type of loan where the rate of interest stays the same. Other mortgages' interest rates often fluctuate, but the rate of a fixed mortgage is constant.


What are some different types of home mortgages?

The most common types of home mortgages are Fixed-Rate, FHA loans, VA loans, and interest-only loans. The most common mortgage type is the fixed-rate mortgage which can be taken out for anywhere between 10 and 50 years.


Type of interest is calculated by adding the interest earned to the principle?

Compound interest


Where can one find more information about low interest rate mortgages?

Bankrate is a good website for anyone looking for information on any type of loan. Information on low interest rate mortgages could certainly be found there.


Which type of interest is calculated by adding the interest earnd to the principal?

compound


This type of interest is calculated by adding the interest earned to the principal.?

compound


What type of Woolwich Mortgages are available?

Woolwich Mortgage is a home mortgage company located in the UK. They offer a variety of mortgages including fixed rate mortgages, offset mortgages, tracker mortgages, great escape mortgages and many other choices made to fit your needs.


Which type of interest is calculated by adding the interest earned to the principal?

compound... yes it is compound interest.


Are land loans and mortgages the same type of financial product?

No, land loans and mortgages are not the same type of financial product. Land loans are used to purchase undeveloped land, while mortgages are used to purchase a home or property with a building on it.


What type of home mortgage is best for a small one family home?

The type of home mortgage will vary depending on your family and economic needs, as well as location of the home, or services of the bank or mortgage broker. There are traditional, fixed-term mortgages, variable-rate mortgages, as well as Federal Housing Authority mortgages available for single-family dwellings and first-time homebuyers.


Do Sun Trust's mortgages generally have good rates?

"Depending on what type of mortgage one is interested in, the rates of Sun Trust varies. Generally, they are in the middle when it comes to how low there interest is for Fixed and Adjustable mortgages."


What type of mortgages are available for Birmingham midshires?

Birmingham Midshires is a company based in the United Kingdom that offers a variety of different mortgages with variable interest rates. More information can be found on the company's official website.