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28 October, 17:24

Which of these describes how a fixed-rate mortgage works?

The property taxes on a fixed-rate mortgage never get any higher

The purchase price of the house never goes up with a fixed rate mortgage

The monthly payment of a fixed rate mortgage never changes

The bank gets paid all of the interest before the principal on the loan goes down

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  1. 28 October, 17:51
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    The answer is the first one: The property taxes on a fixed-rate mortgage never get any higher.
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