2020-08-05T06:55:18
TWO TYPES OF INTEREST RATES IN MORTGAGE LOAN
An individual who wishes to take a loan against property can choose between two types of interest rates. These interest rates vary according to the duration of the loan.
FIXED INTEREST RATE MORTGAGE LOAN : duration 5 to 10 years , This interest rate remains fixed throughout the loan duration. It varies from institution to institution but the general rate .
ADJUSTABLE RATE MORTGAGE LOAN : duration 10 to 15 years , This interest rate is not fixed and static, it varies according to prevailing market conditions.
home loans , mortgage loan , loan against property , housing loan , home construction loan , flat purchase loans , mortgage loan process , car loan
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