Which of the following is a key feature of a Fixed-Rate Mortgage?

Q. Which of the following is a key feature of a Fixed-Rate Mortgage?
Answer: The interest rate remains constant throughout the loan tenure.
Notes: A Fixed-Rate Mortgage features a stable interest rate for the entire loan period, ensuring predictable monthly payments, which is advantageous for borrowers seeking financial stability and predictability.

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📌 Question Number: 11 in Mortgage Services in the above course in App.