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What options do I have for interest rates?
Answer:
There are many options for interest rates on a home loan but you want to get the best one for you. You can get a fixed rate but there is also another alternative where you can get an adjustable rate mortgage. If you think you will spend less than 5 years in this home then this would be a better alternative. With an adjustable rate mortgage, start with a considerably lower rate that is adjusted every year. There is a risk factor with this type of rate and you have to be certain of your plans in order to do it.