Majority Wants Fixed Rate Mortgage

The more we pay on a long term loan, the higher we pay the interest, and that is a lot of money we lose from our pockets. As a home owner, my personal opinion about home loans is that I'd rather have a fixed rate mortgage in order to decrease the interest rate. And I think it's the best way to do it. That way our burden is lessened, and it would motivate us to pay our mortgage loan faster. The advantage of a fixed rate mortgage is that the repayments are known or fixed, and there will be no unpleasant or even pleasant surprises. I have just read in the news article about Mortgages UK, that based on their survey many property investors have found that 57% of the poll survey respondents chose a fixed-rate mortgage, with 30% preferring a short term option.