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I believe the answer is: Never changes
In a fixed rate mortgage payment, the payer would be informed at the very beginning the amount that they're expected to pay for the following months to come.
Even if the net value of the properties change due to market condition, payment under fixed mortgage rate wouldn't be affected.
In a fixed rate mortgage payment, the payer would be informed at the very beginning the amount that they're expected to pay for the following months to come.
Even if the net value of the properties change due to market condition, payment under fixed mortgage rate wouldn't be affected.
A monthly fixed rate mortgage payment will Never change.
Does a monthly fixed-rate mortgage payment do change?
A fixed-rate loan is known to be one that gives a fixed term. A monthly mortgage payment is said to include interest, taxes, and insurance.
In a fixed mortgage payment rate, the payer is known to be informed at the very start the exact amount that they are said to pay for all the months to come.
Even if the net value of the properties alters as a result of market condition, payment in the fixed mortgage rate is not affected.
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