The other big factor is the interest rate. This is a reflection of the risk the lender is taking on, which is a combination of factors around the property, you, and the amount of security they have. As a general rule, interest rates will be higher for 75% loans than 60% because the risk is higher. The interest rate offered may be fixed or variable. Fixed rates range from two years up to as many as ten; their obvious advantage is that your monthly payment will remain the same for the entire time, so you can have certainty about what your biggest cost will be. Variable rates could just be the
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