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A fixed rate mortgage is a loan for the purchase of property with an interest rate that does not change throughout the duration of the loan, which can be 2 to 10 years or more. It offers great security as the interest rate remains the same, but if interest rates fall, you will not benefit from this fall.
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Mortgage fixed interest rate
A fixed rate mortgage is a loan for the purchase of property with an interest rate that does not change throughout the duration of the loan, which can be 2 to 10 years or more. It offers great security as the interest rate remains the same, but if interest rates fall, you will not benefit from this fall.