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  2. Fixed-rate mortgage - Wikipedia

    en.wikipedia.org/wiki/Fixed-rate_mortgage

    A fixed-rate mortgage (FRM) is a 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 person who is responsible for paying back the loan benefits from a ...

  3. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

  4. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    A mortgage loan is a very common type of loan, used by many individuals to purchase residential or commercial property. The lender, ... are two examples, ...

  5. Mortgage accelerator loan: What is it and how does it work? - AOL

    www.aol.com/finance/mortgage-accelerator-loan...

    A mortgage accelerator loan can help you pay off your mortgage ahead of schedule, often through a line of credit or a biweekly payment setup. This type of loan might charge an annual fee and a ...

  6. What is a subprime mortgage? - AOL

    www.aol.com/finance/subprime-mortgage-175324178.html

    However, if a subprime mortgage is the only way you can become a homeowner, this type of loan might be worth the downsides. Consumer protections are more robust now than they were during the ...

  7. Secondary mortgage market: What it is and how it works - AOL

    www.aol.com/finance/secondary-mortgage-market...

    For example, a bank may originate a loan but sell it in the secondary market while retaining the right to service the mortgage. As a loan originator, the bank underwrites, processes, funds and ...

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