Fixed or variable rate mortgage. How’s your stomach for risk? When you take out a mortgage you have the choice of borrowing at a fixed or a variable interest rate. What’s the difference...
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Tag Archives: Interest rate
Long amortization means more interest
Shorten that amortization period. And save a bundle on mortgage interest. One of the tough choices you’re faced with when setting up your mortgage is deciding on the amortization period, or how long...
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Mortgage Penalties Explained
Mortgage Penalties Explained. Basic in’s and out’s of a mortgage penalty. There are two types of mortgages: open and closed. Open mortgages can be paid off at any time without penalties, but the cost of...
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