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12-08-2022
Business

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

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12-08-2022

Answer:

Fixed-rate

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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