Mixed rate mortgages are those in which the interest rate to be paid remains constant during the first years and then a variable interest rate is applied, that is to say, it will become a variable rate mortgage.
In general the fixed rate will be applied during the first 10 years of the mortgage and will be somewhat lower than the rate offered in fixed rate mortgages.
A mixed-rate mortgage can be a good alternative to a fixed-rate mortgage when it is expected that, after a few years of rising rates, these will fall again.
Related terms
Creditor | Amortization | Credit | Debt | Deposit | Debtor | Euribor | Mortgage | Mixed interest rate mortgage | Variable interest rate mortgage | Foreign currency mortgage | Reverse Mortgage | Subprime Mortgage | Interest | Loan | Interest Rate