Wednesday 13 July 2011

Fixed Mortgage Loans

I never knew insurance companies offered competitive mortgage rates until I was looking for a suitable loan for my property. I found some fixed rates with a reputable insurance company and they even offered the option of mortgage life insurance backed against the loan to ensure full coverage in any unforeseen events. It was a good move, in the end, to get a fixed mortgage rate as the base lending rates have started to go up. At least with a fixed rate, I will not have to worry of fluctuating interest payments.

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