What is the benefit of having a fixed interest rate loan?

English

1 answer:

Svetach [21]2 years ago

6 0

Answer:

I think the answer is A. Your interest rate changes annually, therefore, you may be able to get a lower rate.

Explanation:

The main advantage of a fixed-rate loan is that the borrower is protected from sudden and potentially significant increases in monthly mortgage payments if interest rates rise. Fixed-rate mortgages are easy to understand and vary little from lender to lender.

I hope this helps u! :D

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