Marion wants to know exactly what her mortgage payments will be each month. What type of mortgage would be her best choice?

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asked Sep 16, 2017 171k views

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Dan Piessens · Answer 1 · 2017-09-22T04:21:59+0000

Fixed rate mortgage

Has an interest rate that is fixed for a initial term like two, five or even ten years.It will remain the same over the period giving certainly and allowing certain amount to budget for a major item of expenditure.

Marion wants to know exactly what her mortgage payments will be each month. What type of mortgage would be her best choice?

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