One of the biggest multi-loan mortgage decisions that must be made is to decide on a fixed rate mortgage and a floating rate mortgage. These two mortgages are different and meet different financial needs. A fixed rate mortgage has standard mortgage rates that do not change each month. From month to month, a fixed rate mortgage payment remains the same. These mortgages allow for better budgeting, but tend to have slightly higher rates. The other type of mortgage available is a mortgage broker Boise id.