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If interest rates rise, your after several months, a year, choose from a variable rate.
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If interest rates rise, your after several months, a year, choose from a variable rate.
But let's take a closer look at this rate type for its potential for added mortgage savings it could bring over your term. Article Sources. One of our home loan specialists will then be in touch to progress with your application. At the end of the fixed loan period you can decide whether to fix the loan again for another period of time at the current market rates or convert the loan to a variable interest rate for the remaining time left of the loan.
