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    affordable. That is why many prefer a mortgage with fixed interest.

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    Mortgage payments are the major portion of an average American's budget. Interest is the 'price' you pay to get a loan. Therefore, interest rate is the primary concern of the borrower before signing up the mortgage. Even a minute change in the interest rate can upset your budget and make the mortgage unaffordable. That is why many prefer a mortgage with fixed interest.

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    erest is the 'price' you pay to get a loan. Therefore, interest rate is the primary concern of the borrower before signing up the mortgage. Even a minute change in the interest rate can upset your budget and make the mortgage unaffordable. That is why many prefer a mortgage with fixed interest.

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    primary concern of the borrower before signing up the mortgage. Even a minute change in the interest rate can upset your budget and make the mortgage unaffordable. That is why many prefer a mortgage with fixed interest.

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    e change in the interest rate can upset your budget and make the mortgage unaffordable. That is why many prefer a mortgage with fixed interest.

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    affordable. That is why many prefer a mortgage with fixed interest.

    When the rate of interest is fixed for the entire duration of the loan, it is easier for the borrower to calculate how much he will have to pay every month towards mortgage payments and plan his budget accordingly. For example, if you take a 30 year, $100,000 loan at a fixed interest of 8%, your monthly p

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