Loans >> Mortgages
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Fixed Rate Mortgages
- Interest rate remains the same during the life of the loan
- Flexible payment terms
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Balloon Loans
- Shortened monthly payments arranged
- Interest rate is lower than fixed rate loan and remains constant during the life of the loan
- Perfect for those not planning on staying in their home for many years
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Adjustable Rate Mortgage (ARM)
- Interest rate is fixed for an initial period
- Interest rate will never increase of decrease on any change date by more than 2%
- Interest rate will not increase more than 6% over the term of the loan
- Perfect for those not planning on staying in their home for many years
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