Join my world of home loan rates
* Available as either an adjustable rate loan or a fixed rate loan. Just as with an amortizing loan, the size of the monthly payments either varies or stays the same. However, you should take into account the effect of the grace period upon the interest rate. * Interest rates are often considerably lower than interest rates for comparable amortizing mortgage loans during the grace period. After the grace period, interest rates may be considerably higher than for comparable amortizing loans.