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Fixed rates are just that-- installed. These home loan rates aren't tied for index rate, but end up being the initially higher that an adjustable rate. The reason is that the adjustable rate takes risk away for this lender. The borrower's rate takes into consideration the lender's margin as a result reduces the. A fixed rate takes the guess work from your payment amount per month for the borrower and as a consequence poses more of a risk to the lender's border. These types of home loan rates don't change for your life in the loan. 6) Rather than get a secured lo
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