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Scroll down to get the skinny on mortgages & get a free mortgage quote too!
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7 Year Fixed Mortgage This is a loan where the interest rate is fixed for only the first seven years of the loan. If the loan term is for 30 years, than the interest rate is adjustable for the remaining 23 years of the loan term. The advantage of this type of loan is that the interest rate usually starts out lower than a 30 year fixed loan. |