I recently visited the US. Everyone I know there that has a mortgage has gotten a fixed interest rate. There is virtually no difference in cost between fixed.
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Why Does It Cost So Much To Get A Fixed Interest Rate Mortgage In …
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I knew he thought I am out of my mind thinking about an 18% mortgage interest rate in today's environment. At the end we ended the phone conversation without any resolution. The gap in understanding wasn't about fixed rate mortgages vs ... Overall caps- Mortgage lenders may also limit how much the interest rate can increase over the life of the loan. Overall caps have been required by law since 1987. Payment Caps ? The maximum amount your monthly payment can increase at ...