QUOTE(RobertMiles88 @ Sep 9 2020, 08:42 AM)
It depends on the country that you living in and also with the institution that you dealing with. Some institutions only offer fixed mortgage rates in certain periods/years, for example they only fixed rate for the first three years. The fourth years so forth will be floating rate. You must have proper planning before decide to take home loans, because it is long term commitment.
Most UK banks have bad mortgage programs with reasonable rates given current inflation. A mortgage is an agreement under which real estate remains in the ownership of the bank until the full repayment of the loan, while the rate for such loans is significantly lower than the rates for standard loans. This is due to the fact that the bank has liquid security (collateral) - your home. Many young families are ready to take out a mortgage on an apartment in order to immediately move into a new home, for more info
click here . In modern realities, it is not an easy task to accumulate the required amount, therefore a profitable loan for housing is an excellent solution.