<p class="p__1">Fixed-rate home mortgages are offered in terms ranging up to thirty years, with the 30-year option being the most popular, says Kirkland. Paying the loan off over a longer period of time makes the monthly payment more inexpensive. However no matter which term you choose, the rates of interest will not change for the life of the mortgage.</p> <p class="p__2">Under the terms of an variable-rate