When purchasing a house the vast majority of people should resort to mortgage loans, since they do not have all of the money that can reach a good property that it is in good condition, so begins the search for a mortgage loan that suits your needs and offers the best conditions for your benefit, mainly thinking that in the course of the term of payment of this loan the least possible, paid what suggests that find that interests not much join the total of money that should be canceled. Attending to the above one of the most important things to take into account are the rates of interest on mortgages, as shall be determined from conditions that arise in these mortgages interest rates which shall be the amount which should be canceled in the monthly payments; so if the interest in mortgages rates decrease, the monthly payment is influenced by such decrease, vera asi will also decrease the monthly payment on the mortgage; What will undoubtedly be a very good condition for those who need to pay monthly fees, but it can happen otherwise, so you would pay much more money, which demonstrates the great importance of the interest in mortgages rates. In the previous case reference was made to a character variable mortgages interest rate, taking into account that this varies according to the conditions given in each period, which is a variation of the payment; otherwise occurs with interest rates fixed mortgages, which as its name says, the payments carried out always will be the same without relying on variations that occur periodically in the conditions of the market, which means greater security in knowing that always should be paid the same fees without any variations during the life of the loan, from which it follows that you can budget exactly housing costs each month. It must be borne in mind that the fixed interest rate is not present decreases if interest rates decrease, case in which the rate variable interest if you submit a benefit, to the which is added to that fixed mortgage interest rates represent a period relatively short to cancel the entire debt, approximately would be 12 years, while in the variable interest rate gives the possibility to have up to 30 years for the cancellation of the debt. It must also be said that the fixed interest rate presents a few commissions and much higher costs compared to the variable interest rate as you can understand each of the interest rates on mortgages have their benefits and disadvantages, so it is good to know the conditions of the market well so can determine posed greater favoravilidad to meet the payment obligation arising from mortgages.