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If you want your mortgage payment to stay the same every month, which kind of rate should you choose?

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Choosing a fixed-rate mortgage means your bill should be about the same every month.

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What does FHA stand for?

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FHA stands for Federal Housing Administration.

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Key Takeaways

Print version

A home may be the biggest purchase you ever make, but there are more options than ever that could help make it a reality. Remember to do your research and weigh all of your options.

  • If you don’t have 20% to put down, consider other options, like a government-insured mortgage
  • Consider attending a home buyer’s class to be sure you’re educated
  • Before applying for a mortgage, understand how rates vary by loan type
  • Shop around for the best mortgage rate