Fixed Mortgage Rates (FRM) vs. Variable/Adjustable Mortgage Rates (ARM)
In a fixed-rate mortgage or “FRM” loan, a fixed rate of interest means that the rate of interest remains the same for the full tenure of your home loan. This, in turn, means that your EMI (the principal and interest component) remains the same. On the contrary, an adjustable-rate mortgage (ARM) keeps fluctuating according to […]
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