How a Fixed-Rate Mortgage Works and When It Makes SenseHow a Fixed-Rate Mortgage Works and When It Makes SenseHow a Fixed-Rate Mortgage Works and When It Makes Sense 

SaiArLawKa2 / Shutterstock.comBuying a home often starts with choosing the right mortgage. Fixed-rate mortgages are the most popular option, historically accounting for the vast majority of home loans. With this type of mortgage, your interest rate stays the same for the entire loan term, making your principal and interest payments predictable. Your monthly payments will stay mostly predictable, though you may have slight…