Demystifying Loan Amortization: How Home loan repayments Pay Mortgages What is actually a thirty-seasons fixed rate home loan? A thirty-season fixed speed home loan is a type of mortgage in the that interest stays the same towards longevity of the borrowed funds, typically thirty years. A predetermined rates mortgage also offers balance, because payment per month continues to be the same, although rates escalation in the long term. Like all mortgages, fixed speed mortgages are amortized, meaning that they are […]