On fixed rate loans, the rate of interest will remain the same throughout the term of the loan. This provides security in that you know exactly how much you will need to pay, but the rate will not decrease so you may miss out on saving some money.
On fixed rate loans, the rate of interest will remain the same throughout the term of the loan. This provides security in that you know exactly how much you will need to pay, but the rate will not decrease so you may miss out on saving some money.
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