How can my loan repayment go down on a fixed rate?
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A fixed rate loan has a set payment, but if there are any escrows for taxes, insurance, etc., those can certainly fluctuate and the total payment will vary. Your original loan documents should explain this.
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A fixed rate loan has a set payment, but if there are any escrows for taxes, insurance, etc., those can certainly fluctuate and the total payment will vary. Your original loan documents should explain this.
