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Combination
Rate Mortgages
Information &
Advice on Combination Rate Mortgages. Find Today's
Leading Combination Mortgage. What is a Combination
Mortgage & is it Right For You?
Combination
rate mortgages combine fixed interest rates and
adjustable interest rates. Lenders often refer to
these loans as
hybrid loans. For the first 2 or 3 years,
the interest rate is fixed. It remains the same and
so does your monthly payment. During the remaining
years of the loan, your interest rate becomes
adjustable and can vary.
A combination rate mortgage
may suit you if:
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You
need stability today — You want to gain
control of your finances by knowing your monthly
payments will be the same for the next few
years. |
|
You want to repair your credit —
You hope to eventually get a home loan with a
better interest rate, but must first show you
can repay a mortgage. |
There are a number of companies who offer competitive
Combination Rate Mortgages. Use one of our
free
Mortgage
Calculators to compare different Combination
Rate Mortgages.
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