The fixed-rate mortgage remains constant throughout the life of your mortgage and it is consistent on a month-to-month basis. You will know precisely when the loan repayment schedule will be complete. Our mortgage lenders at http://auroracolending.com/ are available to discuss fixed-rate mortgages should you require further information.

With an adjustable-rate mortgage, over the first five, seven or even ten years of your loan, the rates will remain stable. After this period, the rates will adjust annually dependent on the prevailing market conditions. At auroracolending.com, we can provide you with further advice about adjustable-rate mortgages.

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http://auroracolending.com