Personal finance terms 101: Fixed-rate mortgage | Video

by Staff Writer,

Do you know what a fixed-rate mortgage is? Well, a lot of people have heard the term but aren't exactly sure what it really is. And, if you are thinking about becoming a homeowner you should get acquainted with mortgage terms like this. Learn about fixed-rate mortgages from certified financial planner and author Greg McGraime.

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Adjustable rate mortgages (ARMs)