These home mortgages differ in their loan terms or their rate status. The advantage of each type of home mortgage depends upon the financial situation of the times. Some home mortgages fare better when interest rates are low. Others rise up to the challenge of high home mortgage rates. Fixed Rate Home Mortgage Fixed rate home mortgages are home mortgages whose interest rates remain set for the duration of the loan term. And with a 15-year fixed rate mortgage, the overall interest bills are low - at least, considerably lower than those of longer-term loans. Interest rates of a 15-year fixed rate mortgage are also lower than 30-year loans. The disadvantages however include significantly higher monthly payments, especially when compared with 30-year fixed rate mortgages. However after the initial five years, the payment for the 80 20 mortgage loan interest rates is adjusted annually. Others structure their 80 20 mortgage loans in a slight different way. 80 20 mortgage loans have the 20 percent piggyback dependent on the prime rate. The 80 percent of the 80 20 mortgage loan can be a fixed rate, adjustable, or interest-only. By going for mortgage refinancing, they might end up paying more than when they stick to the loan they already got. Things to keep in mind when Mortgage Refinancing your home There are a few things to keep in mind when you decide to go for a mortgage refinancing loan. In mortgage refinancing, the first thing you need to do is ask yourself this question: "Does my property have enough equity for mortgage refinancing? FSA Key Facts - Mortgage Rate Comparison Tables FSA or Financial Services Authority is a mortgage and insurance regulation board based in the United Kingdom. Their website offers British consumers who are in the money market information on the goings-on and happenings in the financial world. From what type of services a loan firm offers to the cost and features of a product, FSA Mortgage Rate Comparison helps make sure that the consumer gets what is due him. Adjustable-rate mortgage payments have characteristics that might ultimately prove risky in the long run. Because the dynamics of interest rates in the market are never certain, the amount of your adjustable-rate mortgage payments are uncertain as well. Adjustable-rate mortgage payments generally have lower initial interest rates compared to fixed-rate mortgages.