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Fixed-Rate Mortgage LoanA Fixed-Rate Mortgage Loan is for a set amount, for a fixed term for 15, 20 or 30 years. The interest rates for this type of mortgage are also fixed. The maximum financing is 90% of the sales price. Payments are conveniently deducted through payroll allocation or transferred automatically from a Power Financial Credit Union savings or checking account. This type of mortgage loan is great for you if you want a consistent payment over the life of your mortgage. |


