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What happens at the end of a fixed rate mortgage?

April 26, 2017Business Estate Finance fixed rate mortgage happens renting

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What happens at the end of a fixed rate mortgage?

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At the end of a fixed rate mortgage you have paid the lender and they will release the mortgage lien, whether it’s 5, 15 or 30 years of fixed rate. Many people pay off fixed rate loans before the end of its natural term, thus saving thousands of dollars of interest on money they no longer owe.