Is it better to get a 5 year fixed rate mortgage?

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Kara Donnelly asked a question: Is it better to get a 5 year fixed rate mortgage?
Asked By: Kara Donnelly
Date created: Fri, Apr 2, 2021 5:00 PM
Date updated: Fri, Sep 30, 2022 6:18 AM

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Video answer: Fixed rate mortgage should you opt for a 2 or 5 year fixed…

Fixed rate mortgage should you opt for a 2 or 5 year fixed…

Top best answers to the question «Is it better to get a 5 year fixed rate mortgage»

A 5-year fixed-rate mortgage typically comes with a higher mortgage interest rate, but it's fixed for a longer period of time. This gives homeowners peace of mind that they know how much they will pay for their mortgage during that five year period.

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Video answer: How to get the best mortgage interest rate you possibly can

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