Mortgage Referrals
Author:
Slater Wealth Management
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Fixed, Variable or All-in-One
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- 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.
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