Top 10 5 year fixed rate mortgage deals Compare 5 year fixed rate mortgages

Top 10 5 year fixed rate mortgage deals, advantages of five year fixed rates

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If you have an adjustable-rate loan, your monthly payment may change annually after the initial period based on any increase or decrease in the London Interbank Offered Rate LIBOR index. People in a hurry to pay off their mortgages might find that getting a shorter-term loan helps them get to their goal quickly.

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Since the rates vary regularly, it is better to check them regularly and go for the one that you can afford.