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2. Fixed-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Fixed-rate_mortgage

   The fixed-rate mortgage was the first mortgage loan that was fully amortized (fully paid at the end of the loan) precluding successive loans, and had fixed interest rates and payments. Fixed-rate mortgages are the most classic form of loan for home and product purchasing in the United States. The most common terms are 15-year and 30-year ...

3. What is a fixed-rate mortgage and how does it work? - AOL

   www.aol.com/finance/fixed-rate-mortgage-does...

   A fixed-rate mortgage means that the interest rate stays constant throughout the entire loan period, or term. These loans are popular because they provide predictability. With a fixed-rate ...

4. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   Often there’s an initial fixed-rate period for the loan’s first few years, and then the variable rate kicks in for the remainder of the loan term. ... (APR) includes the mortgage interest rate ...

5. Mortgage - Wikipedia

   en.wikipedia.org/wiki/Mortgage

   Combinations of fixed and floating rate mortgages are also common, whereby a mortgage loan will have a fixed rate for some period, for example the first five years, and vary after the end of that period. In a fixed-rate mortgage, the interest rate, remains fixed for the life (or term) of the loan.

6. Fixed vs. adjustable-rate mortgage (ARM): What’s the ... - AOL

   www.aol.com/finance/fixed-vs-adjustable-rate...

   The biggest difference between a fixed-rate mortgage and an ARM is the variability of the interest rate. With a fixed-rate mortgage, the amount you pay towards interest each month stays constant ...

7. Fixed interest rate loan - Wikipedia

   en.wikipedia.org/wiki/Fixed_interest_rate_loan

   Given a fixed interest rate of 5%, the actual cost of the loan, with principal and interest combined, is $10,500.This is the amount that must be paid back by the borrower. A fixed interest rate is based on the lender's assumptions about the average discount rate over the fixed rate period.