Mortgage loans with adjustable interest rates abound in the market. Usually, these loans start out with low interest which is why many borrowers prefer to get them over fixed-interest loans. But the low interest rate can suddenly change within a few months after signing the loan. After a year or two, you could be facing a loan with expensive interest rates that are way out of your budget. In fact, most borrowers end up with foreclosure because they failed to keep up with their payments.

Therefore, is it possible to freeze the interest rate of your loan? What is a rate freeze and what can it do for you? Who are qualified to get a freeze rate and how do you apply for a freeze interest rate?

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