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What type of loan is most common when buying a house?

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User WouterD
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1 Answer

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Answer:

Fixed-rate

Step-by-step explanation:

Fixed-rate mortgages are the most common type of home loan. Fixed-rate mortgages are offered in 15- and 30-year fixed-rate terms. Your interest rate will never change, though the principal and interest portion of your monthly mortgage payment will change as the loan amortizes

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User ZokiManas
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