The bearded brokerfrom the Stisi Group We have another two minute teaser video today for you, around fixed rates. So if you're interested to knowwhat a fixed rate mortgage is, then this video could be for you, So please considersubscribing to the channel if you find this useful, So two minutes, here we go, clock please, So what is a fixed rate mortgage, it kinda does what it says on the tin it is fixed for a period of time, So when you take a mortgage, let's use an example youborrow 100,000 pounds to purchase a house, and within that you take30 year term mortgage or a 25 year term mortgage, So that means you'll take that debt and you'll pay over thenext 25 years or 30 years whatever the example is, but within that, the firsttwo years for example, maybe fixed, so the interestrate is not variable, it will not change and it will always be fixedfor that period of time. So if you choose a 2 year fixed rate, then it will be fixed for twoyears, and at the end of that, it wi...
