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malloryn

Long Term Fixed Rate Mortgages And Interest Rates

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Do the lenders have any clauses that allow them to change 10 yr / 25 yr fixed rate mortgages to variable rate.

I wouldn't have though that any lender would want to commit to that period of time or do they just sell off the loan to someone else.

It would be interesting to know if the people who took out a long fixed term can be affected by high interest rates when they thought they were immune.

Neil

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