What is a five year fixed rate mortgage? – A five year fixed rate mortgage. rates and monthly repayments at the same level for five years. If you choose a fixed mortgage over a variable one, your mortgage repayments will remain fixed for.
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Home Loan | Compare Home Loan Rates As Low As 3.0 % – types of borrowers. The 30-year fixed-rate mortgage is the most common type of loan used for home purchases. It offers a combination of low monthly payments, because they’re stretched out over 30 years, and predictability, because the rate is locked in for the life of the loan.