Fixed-Rate Mortgage Definition

Fixed-Rate Mortgage

Definition

FRM. A mortgage in which the interest rate does not change during the entire term of the loan. also called conventional mortgage.

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Fixed-Rate Mortgage is ...
... part of the Lending & Credit and Real Estate subjects.

Related Terms

Adjustable Rate Mortgage - More

Convertible ARM -

rate-improvement - More

graduated payment mortgage, hybrid ARM, convertibility clause

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