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cal_guy · 07-11-2007, 06:19 PM

There also fixed rate variable mortgages where the monthly payments stay the same each month but the amount of interest to principle you pay off changes as the interest rates changes (i.e if the interest rates increase you pay more interest and less principle).

07-11-2007, 06:19 PM	#30
cal_guy Scoring Winger Join Date: Nov 2002 Exp:	There also fixed rate variable mortgages where the monthly payments stay the same each month but the amount of interest to principle you pay off changes as the interest rates changes (i.e if the interest rates increase you pay more interest and less principle).