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Types of Mortgage Loan

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  • Classified ad is posted by: Company
  • Business Industry: Services
  • Street Address: 3200 Roblin Boulevard Winnipeg, Manitoba R3R 0C3
  • Contact Number/s: 2048884663
  • City: Winnipeg
  • Ad Country: Canada
  • State of the Country: Manitoba
  • Zip/Postal Code: R3R 0C3
  • A Few keywords that are highlight of your Advert.: lowest mortgage rates winnipeg, home mortgage, mortgage broker winnipeg
  • List of other services or products i Offer: Financial/Mortgage
  • Expires: This ad has expired

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  • Item listed by: on May 28, 2016

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    There are many types of mortgages used worldwide, but several factors broadly define the characteristics of the mortgage. All of these may be subject to local regulation and legal requirements.
    The two basic types of amortized loans are the Fixed Rate Mortgage (FRM) and Adjustable —_rate Mortgage (ARM) (also known as a floating or variable rate mortgage In some countries, such as the United States, fixed rate mortgages are the norm, but floating rate mortgages are relatively common. Combinations of fixed and floating rate mortgages are also common, whereby a mortgage loan will have a fixed rate for some period, for example the first five years, and vary after the end of that period.

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