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Alexeev081 [22]

2 years ago

15

The most popular mortgage that has a fixed interest rate and a loan period of thirty years?

1 answer:

Kamila [148]2 years ago

3 0

Answer:

Traditional Mortgage

Explanation:

Traditional mortgages are simply constructed, with a mortgagor borrowing money at a fixed or variable interest rate and repaying the debt over time. ... These mortgages have less stringent asset and income restrictions. However, there is a cost: the lender can charge the borrower a higher interest rate.

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