A fixed mortgage loan basically has a fixed interest rate throughout the entirety of the loan. They are usually offered as amortized loan with regularly scheduled payments; nonetheless non-amortizing loans are also capable of being offered as a fixed rate mortgage loan. What could be considered both a hazard and a blessing to this loan is the interest rate which is affected by the economic stability. When there is general rise in the interest rates around the market there would be a lesser danger for a borrower and a disadvantage for the bank which could’ve made huge profits in case of a fluctuating interest rate similarly when interest rates are failing in market the bank or the lender benefits from it as its profit margin will not be compromised in this scenario.