Fixed Rate Mortgages

A mortgage that is a fixed rate for the life of the loan.

Adjustable Rate Mortgages

Rates are not Fixed and may change during the course of the loan.

Bankruptcy/Slow Credit

Terms may not be as favorable and some may have prepayment penalties.

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Copyright © 2003 William J. Knight/Loan Officer                 
Last modified: 08/02/03                                  

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