Fixed, Variable or All-in-One
Fixed:
A set interest rate for a defined period of time usually ranging from 6 months to 10 years.
Limitations exist for early or accelerated payments.
Variable:
A floating rate for a defined period of time usually ranging from 1 to 5 years.
Flexible repayment options.
All-in-One:
A combination of a mortgage and a line of credit secured by your home.
Flexible repayment options.
Ability to consolidate consumer debt to lower interest rates.