From Expert Real Estate Tips

What is a Fixed Rate Mortgage?

Posted in: All Videos, What is..., Mortgages and Financing

By ExpertRealEstateTips
Jan 12, 2009 - 7:15:59 PM

What is a fixed rate mortgage loan? A fixed rate mortgage means the borrower has the same monthly payments on the mortgage every month. Fixed rate mortgages are repaid within a specific time frame (10, 15, 20 or 30 years). Watch this Expert Real Estate Tips segment for all you need to know about fixed rate mortgages.