For most people the answer is yes, you have to set your mortgage rate. Remember: only a fixed-rate mortgage gives you the peace of mind of knowing exactly how much you're paying back each month. In general, the shorter your flat rate term, the less you pay each month. Because with longer terms, you pay extra for the luxury of a long flat rate. To know Should You Take A Fixed Rate Mortgage? read our blog and get full information: https://expressdigest.com/should-you-take-a-fixed-rate-mortgage/