Fixed-speed money could be the contrary of varying-speed or changeable-rates fund, that have interest rates that will change over day

Fixed-speed money come with mortgage loan one to remains the same throughout the brand new loanmon examples of repaired-price financing are automobile financing, student education loans and you will mortgage loans.

It is better whenever you can secure a fixed-price mortgage on a decreased-interest. That way, even if interest rates increase you’ll be able to remain purchasing the new rate. Lire la suite