Pros and Cons of Opting for Fixed Interest Rates in Long-term Loans

For this reason, it is safer to opt for fixed rates, since the policyholder knows in advance how much he must always pay in interest. In long-term loans, such as mortgages, we will never know what the future holds, and if strong rate fluctuations occur during the period, the credit will be more expensive in the long term and could generate financial imbalances in the family.