April 14, 2007
Okoza is neat little site aimed at helping you connect with the world of personal finances. More than that, they concentrate very much on the mortgage market.
There's a basic thing you need to understand about financial markets, mortgages most especially,something that will help you before you go and look for an Online Mortgage Quote.
Whenever there is transfer of risk, prices change. So if you have a floating rate mortgage, the risk of rates rising lies with you. If you have a fixed rate one, then the risk lies with the lender. So, at he same interest rate, the floating rate mortgage will be cheaper. Because of that transfer of risk, the price expressed as an interest rate changes.
With that in mind, click through any of the links to see what Okoza can help you with, it's a very informative site.
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