What Are Trigger Rates? Do You Have One and Do You Know What It Is?
folder_openMortgage Refinance, Mortgages
What are trigger rates? Do you have a trigger rate? Well, a trigger rate is for people who have variable rate mortgages. So a little bit of background: there are two types of floating rate mortgages. There are adjustable rate mortgages, where your payment changes either up or down depending…
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