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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. 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.

5. 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.

6. Fact vs. fiction: Top 8 common home equity myths — debunked

   www.aol.com/finance/home-equity-myths-debunked...

   Interest rate. Fixed interest rate. Variable interest rate. Funds. Lump sum. Only draw what you need. Terms. 5 to 30 years. 10-year draw period and 20-year repayment period. Repayment. Consistent ...

7. Common types of installment loans and their best uses - AOL

   www.aol.com/finance/common-types-installment...

   Key takeaways. Installment loans can include mortgages, auto loans, personal loans and some types of home equity loans. Interest can be calculated at a fixed or variable rate.

8. Mortgage note - Wikipedia

   en.wikipedia.org/wiki/Mortgage_note

   For the most part, it is the mortgage note which determines the "type" of mortgage: if the note has a fixed interest rate and payments, then the loan is a fixed-rate mortgage (FRM) loan; a fixed interest rate with adjusting payments is a Graduated Payment Mortgage (GPM)

9. How to refinance your ARM into a fixed-rate mortgage - AOL

   www.aol.com/finance/refinance-arm-fixed-rate...

   At a glance: ARM vs. fixed-rate mortgage. Adjustable-rate mortgage. Fixed-rate mortgage. Down payment. Typically 3.5% to 20%. Typically 3% to 20%. Initial interest rate. May be lower or higher for ...