A fixed-rate mortgage (FRM), often referred to as a "plain vanilla" 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.(1)
1. Fixed Rate Mortgage - Advantages and Drawbacks
2. Do Your Homework - Find the Mortgage That Fits Your Lifestyle and Your Budget
3. How a Term Reduction Mortgage Loan Refinance Will Help You Retire Early
4. Home Mortgage Refinance - Why Or Why Not?
5. Fixed and Adjustable Mortgage Interest Rates - Basic Facts
(1) http://en.wikipedia.org/wiki/Fixed-rate_mortgage
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