Explain in English taux fixe taux variable taux cape

When you buy a French property with a French mortgage you will need to learn some new French banking terms including: taux fixe, taux variable and taux cape. So read on for explanations:

One

Taux Fixe means fixed mortgage rate

Two

Taux Variable means variable mortgage rate

Three

Taux Capé means capped rate

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IMPORTANT: Make sure when you chose your French mortgage you find out if the mortgage has a penalty fee for early repayments, if you are being charged a fee for administration of the loan etc. Learn the right questions to ask by speaking with an English speaking French banking expert.

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