Q&A: Mortgage 30 yr fixed rate changes if my credit goes bad?

Question by ocean: Mortgage 30 yr fixed rate changes if my credit goes bad?
I live in Southern California. I have a 30 year fixed mortgage at 5.4%. Currently my credit is good. If something happens and my credit goes bad, will my 30 yr fixed mortgage change as well?


Best answer:
Answer by CJKatlNo. Not unless you have something strange in your loan papers that allows this, but I've never heard of such a thing. You rate is fixed for the life of the loan.

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