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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...

   For instance, if you make a 20 percent down payment on a $375,000 home and take out $300,000 30-year fixed-rate mortgage at 7.5 percent interest, your monthly payment (excluding insurance and ...

4. 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.

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

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

   The interest rate and APR: The interest rate is your charge for borrowing, a percentage of the loan principal. The annual percentage rate (APR) includes the mortgage interest rate plus additional ...

7. 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 ...