A fixed-rate mortgage (FRM), often referred to as a `vanilla wafer` mortgage loan, is a fully amortizing mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or `float`. As a result, payment amounts and the duration of the loan are fixed and the ...
A type of mortgage where a rate of interest is offered and is fixed for a certain period of time, i.e. it will not change despite in changes to the base rate. This mortgage is often used by people who want stability.
A mortgage with an interest rate remaining at a specified rate for the entire term of the loan.
A mortgage with an interest rate that stays at the same amount for the duration of the loan. Opposed to an adjustable rate mortgage (ARM).
A type of mortgage where the interest rate does not fluctuate with general market conditions. Fixed-rate mortgages tend to have higher original interest rates than adjustable-rate mortgages
A type of mortgage where interest repayments to the lender are fixed until maturity or for a... <a target=_blank href='http://www.finance-glossary.com/terms/fixed-rate-mortgage.htm?id=568&ginPtrCode=00000&PopupMode=false' title='Read full definition of fixed rate mortgage'>more</a>
- A mortgage with an interest rate that remains the same over the years.
A mortgage loan that has an interest rate that remains constant throughout the life of the loan, usually 15 or 30 years.
a mortgage with a constant interest rate that will not adjust at any point during the life of the loan.
A mortgage for which the rate of interest is fixed for a specific period of time (the term).
(FRM) A mortgage in which the interest rate does not change during the entire term of the loan.
a mortgage with payments that remain the same throughout the life of the loan because the interest rate and other terms are fixed and do not change.
A mortgage with an interest rate that remains the same over the years.
A mortgage with an interest rate that remains the same over the years.
a home mortgage for which equal monthly payments of interest and principal are paid over the life of the loan, usually for a term of 30 years.