Definitions for

**"Fixed Rate Mortgage"****Related Terms:**Fixed-rate mortgage, Fixed rate mortgages, Frm, Fixed rate loan, Fixed-rate loan, Fixed, Renegotiable rate mortgage, Fixed rate, Fixed rate loans, Variable rate mortgage, Standard variable rate, Fixed interest rate, Variable-rate mortgage, Adjustable rate mortgages, Floating rate loan, Convertible arm, Capped-rate mortgage, Adjustable-rate mortgage, Step-rate mortgage, Convertibility clause, Convertible mortgage, Variable rate loan, Capped rate mortgages, Adjustable-rate loan, Adjustable rate mortgage, Initial rate, Conversion clause, Two step mortgage, Initial interest rate, Two-step mortgage, Fixed rates, Arm, Convertible adjustable rate mortgage, Rrm, Teaser rate, Capped rate mortgage, Life cap, Rate caps, Convertible adjustable-rate mortgage, Capped rate, Caps, Floating interest rate, Vrm, Honeymoon rate, Life of loan cap, Interest cap, Interest rate ceiling, Mortgage rate, Start rate, Lifetime rate cap

A mortgage with an interest rate that remains constant for the entire duration of the loan. FRM's have longer terms (15-30 years) and higher interest rates than adjustable rate mortgages but are not at risk for changing interest rates. You can shop and compare mortgage options securely online.

A mortgage where the monthly principal and interest payments are fixed for the term of the loan; i.e., 15 or 30 years fixed.

A home loan with an interest rate that will remain at a specific rate for the term of the loan . About 75 percent of all home mortgages have fixed rates.

A mortgage with an interest rate that remains constant for the life of the loan. The rate is set when the loan is made and never changes. See Balloon Mortgage.

The interest rate on the mortgage is pegged at a set level for an agreed number of months or years. Pull out before the end of that period and you'll end up paying a redemption penalty.

A mortgage interest rate that remains the same throughout the term of the mortgage.

This mortgage loan offers a fixed interest rate with monthly principal and interest payments that remain the same for the life of the loan. Payments can be amortized for either a 15-year or 30-year term.

A mortgage in which the rate of interest does not change over the term of the loan.

These are mortgages where the interest rates are set for a number of months or years. After the fixed rate period the interest rate will revert to the normal variable mortgage rate. If the mortgage is redeemed during the fixed rate period there are usually redemption penalties.

A mortgage where the rate of interest is fixed for the entire period of the term. GE Capital Mortgage Insurance Company of Canada Canada's only private mortgage insurance company. Mortgage basics for Alberta mortgages.

A MORTGAGE WHERE THE INTEREST RATE IS SET FOR THE FULL TERM OF THE MORTGAGE, AND CANNOT BE ALTERED WITHOUT INCURRING FEES.

A mortgage whose rate is fixed for the life of the loan.

Mortgage loan with a constant interest rate that remains the same over the length of the loan.

This is a mortgage plan where the monthly payment and interest rate remain fixed throughout the term.

A loan with an interest rate that never changes.

A mortgage where the interest rate of the loan remains the same over the life of the loan.

Mortgage with a rate set for a specified period.

This is the usual form of mortgage where interest rate remains the same during the entire term of the loan.

A mortgage loan with an interest rate that remains the same for the life of the loan.

An interest rate which does not change during the loan term.

A mortgage that has an interest rate that does not change for the term of the mortgage.

A mortgage in which the monthly payments remain the same for the term of the loan. This loan is self-liquidating.

A mortgage loan that carries a guaranteed fixed interest rate and payments throughout the life of the loan.

The rate of interest that is fixed for the term.

A loan that has only one state interest rate.

The interest is fixed at the time of the loan and remains constant for its duration.

A type of mortgage where a rate of interest is offered and is fixed for a certain period of time, i.e. it will not change despite in changes to the base rate. This mortgage is often used by people who want stability.

The traditional type of mortgage in which both the rate of interest and the monthly mortgage payment are fixed over the full term of the loan.

a conventional form of loan with a fixed rate of interest and fixed equal monthly payments for the entire term of the loan

a good idea if you feel that interest rates will rise above what they are currently

a home loan with an interest rate that is fixed for the term of the loan

a home loan with an interest rate that is stable lenders include LIBOR COFI th District Cost for the London InterBank Offered Rate is an index set by a group of London based banks and sometimes used as a base for U

a home loan with an interest rate that is stable lenders include LIBOR COFI th District Cost Unlimited Mortagages are a London Mortgage brokers who supply a wide range of mortgage and financial services to clients in the London area

a loan wherein the interest and the principal payments remain the same for the entire period of that loan

a loan where the interest rate is fixed for an agreed period of time

a loan where the interest rate remains the same for the life of the loan

a loan where the principal and interest payment never change during the life of the loan

a loan with an interest rate that remains the same for the entire term of the loan

a loan with rate that does not change

a mortgage product

a mortgage program where your monthly payments for interest and principal never change

a mortgage that has an interest rate which does not move with market fluctuations

a mortgage that will have the same rate for the amount of years you have chosen to lock in at

a mortgage where your interest rate does

a mortgage with a fixed interest rate for the life of the mortgage

a mortgage with an interest rate that never changes over the term of the loan

a type of loan whose rate remains the same across the life of the loan

Mortgage has a rate of interest that is fixed for a predetermined term, usually 6 months to 10 years, and cannot be renegotiated, except upon payment of penalty.

A fixed rate mortgage is a mortgage for which the interest rate does not change during the entire term of the mortgage. E.g. 30 year fixed, 15 year fixed.

A mortgage loan that has a constant interest rate for the entire term of the loan.

a mortgage where the interest charge rate does not change for a set period - usually a number of years or until a fixed date in the future. At the end of the period, the mortgage usually reverts to the lender's variable rate.

Set interest rate for the life of the loan.

A loan with an interest rate the remains the same throughout the life of the loan.

a mortgage with one set interest rate for the entire term of the mortgage.

A mortgage with a steady interest rate and principal and interest payment, neither of which will change through the life of the loan.

This is what it says. A fixed interest rate set for an agreed period of time. If the interest rates went really high then you don't pay a higher interest rate. However you don't pay any less if the interest rates go really low on a fixed rate mortgage.

A mortgage where the rate of interest remains, fixed throughout the life of the loan.

A mortgage with a constant rate of interest throughout the life of the loan.

A mortgage with an interest rate and payments that remain fixed over the duration of the loan.

The rate is fixed for a specific number of months or years, so you know exactly what your payments will be over that period. Following this period, the rate will usually return to the lender's standard variable rate.

A mortgage that provides for only one interest rate for the entire term of the mortgage.

The interest rate is fixed and does not adjust for the term of the mortgage.

A home loan in which the interest rate remains constant for the life of the loan.

A mortgage where the interest rate doesnâ€(tm)t change over the life of the loan.

A loan whose interest rate never changes throughout its duration.

A mortgage where the interest rate is set at a fixed level, typically for the first few years of the mortgage term. Advantageous for those who want to know exactly how much they'll be paying each month, although the fixed rate will usually be set at a higher rate than a variable rate mortgage (at the start of the mortgage term). Unlike a variable rate mortgage, this type will not be susceptible to future interest rate fluctuations.

A mortgage in which the interest rate and payment is fixed over the entire loan term.

A mortgage document that states the rate will stay the same over the life of the loan.

A mortgage that has an interest rate that stays the same for the life of the loan. This means your monthly payment will remain constant.

Loans with interest rates that do not fluctuate.

One in which the monthly principal and interest payments are fixed for the life of the loan.

The interest rate of a fixed rate mortgage never changes. You pay the same amount every month until the loan is paid off. The most common category of mortgages is the 30-year fixed, in which the loan is totally repaid in 360 monthly payments of the same dollar amount.

A loan that has only one stated interest rate.

A mortgage arrangement where the interest rate is fixed for a set period.

A loan with an interest rate that remains unchanged over the term of the loan.

Interest rates and monthly payments remain the same throughout the entire loan.

Mortgage that allows you to lock in an interest rate for the entire term (usually 15 or 30 years) of the mortgage. Your mortgage payment will typically be the same every month.

A loan in which the interest rate and payment amounts are fixed for the entire term of the loan.

A mortgage in which the interest rate and monthly payments of principal and interest remain the same for the life of the loan.

One where the rate charged at the start of the mortgage is fixed for a specified period of time or to a certain date. During the fixed rate period the rate does not change irrespective of the general movement of mortgage rates. When the fixed period comes to an end the standard variable rate is normally paid.

A mortgage where the interest rate payment is fixed for a specific time. It then normally reverts back to a variable rate.

The interest rate on fixed rate mortgages is set, or fixed, for the term of the loan. If the interest rate changes because of enforcement of the due-on-sale provision, the mortgage is still considered a fixed rate mortgage.

A mortgage in which the interest rate (and usually the payment) does not change over the term of the mortgage.

A mortgage that has a fixed interest rate for the entire term of the loan and therfore, has the same payment from month to month until the loan is paid in full.

A mortgage loan where the interest rate is determined at its beginning and continues in force unchanged throughout the life of the loan.

A loan with one interest rate that lasts the entire term of the mortgage.

Mortgage that is locked into a set interest rate and relatively unaffected by inflation and interest rate changes.

A mortgage with an interest rate that does not change during the life of the loan.

A mortgage with an interest rate that stays the same (fixed) over the life of the mortgage. Monthly payments for a fixed rate mortgage are very stable and will not change.

A conventional mortgage loan with a set interest rate and equal monthly payments for the entire term of the loan.

Loan with an interest rate and monthly payments that remain constant throughout the life of the loan.

If you choose a fixed rate mortgage your monthly repayments will not change for the period of the fixed rate, regardless of the interest rate in the market place. This may be important to you if you have a limited budget as you are protected from rising interest rates. However, if the variable rate falls below the fixed rate level, your repayments will not fall.

A mortgage where the rate is locked down at the time of the loan and does not fluctuate, unlike a variable-rate mortgage.

An interest rate which is fixed for the term of the loan. Payments as well are fixed at one amount.

A mortgage where the interest rate does not change for the life of the loan.

A loan for which the interest rate and monthly payments do not change during the term of the loan.

A loan that fixes the interest rate at a prescribed rate for the duration of the loan.

A mortgage in which the payments and interest rate do not change during the term of the loan.

A fixed rate mortgage is a mortgage that has a fixed interest rate for a specified period of time, usually 15, 25 or 30 years (typically, the life of the loan). Fixed mortgages with shorter terms typically have lower interest rates than loans with longer terms. In addition, fixed rate mortgages with shorter terms accumulate equity faster than those with longer terms.

A mortgage in which the interest rate and payments remain the same for the life of the loan. The interest rate and payment amounts are established at the time or of origination.

The mortgage interest rate will remain the same on these mortgages throughout the term of the mortgage for the original borrower.

A loan with an interest rate and monthly payments that stay the same as long as you have the loan.

You know where you are with this type of mortgage. The interest repayments will be fixed for a set period.

A mortgage where the rate of interest is guaranteed to remain at a constant specified level for a certain lengthe of time, irrespective of any fluctuations in the lenderâ€(tm)s standard variable rate.

You know where you are with this type of mortgage. Your mortgage repayments will be fixed for a set period of time.

A mortgage with monthly payments that remain the same throughout the life of the loan because the interest rate is fixed.

The mortgage to have if you plan to keep your house a long time. Its percentage rate stays the same for the life of the loan. Usually 15-, 20- and 30-year increments.

A type of mortgage loan usually with 30 or 15 year loan terms where the interest rate remains constant throughout the life of the loan. The advantages of a fixed rate loan is your own security that the interest rate will not increase. The disadvantage of a fixed rate loan occurs when interest rates substantially decline below the interest rate of your loan.

A Fixed Rate Mortgage is a mortgage loan which has a fixed interest rate and a fixed payment for the entire term of the loan.

An interest rate, which doesn't change during the life of the loan.

A mortgage where the interest rate remains unchanged during the entire term of the mortgage.

A mortgage with an interest rate that does not change over the entire term of the loan. (Compare to Adjustable Rate Mortgage.)

A mortgage in which the rate of interest has been fixed for a specific period of time. This specific period of time is generally known as the term. Article

A loan where the rate of interest is fixed over the life of the loan. Payments on a fully amortized fixed rate loan will not change.

A fixed-rate mortgage means the interest rate and principal payments remain the same for the entire life of the loan. (Taxes and insurance may change.)

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

Interest rates on this type of mortgage remain the same over the life of the loan term. (compare to "adjustable rate mortgage")

A type of mortgage where interest repayments to the lender are fixed until maturity or for a specified term.

A mortgage with an interest rate that remains constant for the life of the loan. The most common fixed-rate mortgage is repaid over a period of 30 years; 15-year fixed-rate mortgage are also available.

The interest rate on a loan that remains constant throughout the entire term.

This is a mortgage that is charged at a fixed rate within a set period. There are often early repayment charges applicable if the loan is repaid within the fixed period.

A loan secured by real property featuring an interest rate that is constant for the term of the loan.

Loan in which the interest rate is constant for the term of the loan.

The type of loan where the interest rate will not change for the entire term of the loan.

A mortgage rate is fixed to remain constant throughout the life of the mortgage. It can not change.

Loan interest never changes. Advantage; no change in principal/interest payment. Good for buyers whose income will remain steady, who plan to stay more than three years or who expect interest rates to rise. Shorter-term mortgages of 10 or 20 years often have lower rates and significant overall savings that a 30-year mortgage.

A mortgage on which the interest rate is set for the term of the loan.

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

A mortgage loan that has an interest rate that remains constant throughout the life of the loan, so that the amount you pay each month remains the same over the entire mortgage term, typically 15, 20 or 30 years.

is a mortgage loan that maintains the same interest rate throughout the life of the loan.

WHERE THE INTEREST RATE IS FIXED - USUALLY FOR AN INITIAL PERIOD OF YEARS, AFTER WHICH THE INTEREST RATE WILL REVERT TO OUR STANDARD VARIABLE MORTGAGE INTEREST RATE.

A mortgage in which the interest rate remains constant throughout the life of the loan.

This type of mortgage fixes the interest rate for a set time period at the start of the mortgage. The rate is sometimes fixed for a certain number of years from completion, but more often until a set date in the future. The advantage of having a fixed rate mortgage is that you have the security of knowing exactly what your mortgage repayments are going to be each month for as long as your rate is fixed. However, the drawback is that if interest rates fall during that time period and go below your own fixed interest rate, your monthly repayments will not go down.

When the interest rate is set for the term of the mortgage so that the monthly payment of principal and interest remains the same throughout the term.

A mortgage in which the interest rate (and therefore the monthly payment) remains the same for the entire life of the 15-30 year loan.

A mortgage with a specified rate of interest which cannot be changed throughout the entire term of the mortgage.

The rate of interest is fixed for a certain period so that your payments remain unaltered by changes in the variable rate (this generally changes in line with the Bank of England). At the end of the set period, the rate of interest will generally revert to the standard variable rate-depending on the scheme's criteria.

A mortgage for which the rate of interest is fixed for the term (i.e. a set period of time).

A mortgage for which the rate of interest is fixed for a specific period of time (the term).

A mortgage whose interest rate remains constant over the life of the loan. The payments are not necessarily level. (See Graduated Payment Mortgage and Growing Equity Mortgage).

a mortgage loan that allows to lock in the interest rate throughout the life of the loan, the monthly payment stays always the same.

A mortgage loan with a set payment for a specific period of time. Usually 15 to 30 years.

A type of loan where the interest rate remains the same throughout the course of the loan.

The interest rate remains the same for the term of the mortgage.

A mortgage having a rate of interest which remains the same for the life of the mortgage.

A mortgage loan with a constant interest rate and payment throughout the life of the loan. The interest rate and payment amount are established at the time of origination.

the interest rate does not change over the life of the mortgage. "Conventional" mortgage loans are available as are loans insured through the Federal Housing or Farmers Home Administrations and those guaranteed by the Veterans Administration. All have fixed rates, as do some "assumable" and "owner-financed" loans.

A mortgage with an interest rate that remains constant for the life of the loan, generally repaid over 15 or 30 years.

With a fixed rate mortgage your interest rate, principal and interest payments will remain unchanged during the entire life of your mortgage loan, resulting in predictable housing costs. If you plan on staying in your new home for an extended period of time, the fixed-rate mortgage might be the perfect mortgage for you.

is the basic type of loan in which the interest rate does not change over the life of the loan. For example, if the interest on a 30 year mortgage is set at 9%, it will stay at 9% until the mortgage is paid off.

Interest rate is locked in for life of loan, so future changes to interest rates won't affect it.

A conventional loan with a single interest rate for the life of the loan.

Mortgage for which the interest rate is set for the entire term of the loan.

The interest rate of the mortgage will remain constant through out the term of the loan.

This is where the interest rate does not change on the mortgage for the life of the loan or for a fixed period.

A loan carrying a constant interest rate over the full life of the m Historically, fixed rate mortgages have been the norm in permanent financing, particularly residential real estate. Thus, when a borrower secures a fixed rate mortgage he or she knows that the lender cannot raise the interest rate re of what the market rate of interest is doing. However, in recent years lenders have in some instances been reluctant to loan money for a long period of time including in the loan provision a clause allowing them to vary the rate of in and when market conditions change.

A loan registered on title to the property against which it is secured which charges an interest rate that does not change over the term of the mortgage.

a mortgage in which the interest rate and payment amount are the same for the entire term of the loan

A mortgage in which the interest rate and monthly payments remain constant over the life of the loan.

A mortgage in which the interest rate is specified in the mortgage contract and does not change during the life of the loan.

a fixed rate mortgage will guarantee the borrower a pre-determined level of interest for a set period, after which the standard variable rate will apply.

A mortgage with an interest rate that doesn't vary for the term of the loan.

This is a fully amortized mortgage, which means that the borrower pays a constant amount of principal and interest each month. The interest is paid first, then the balance is applied to reduce the principal of the loan. At the end of the term, usually 15 or 30 years the loan is fully paid off. The interest rate is fixed for the entire term of the loan.

A mortgage with an interest rate payment that doesn't change for the life of the fixed term.

Mortgage with a fixed interest rate over a set duration (5 to 25 years for example).

A mortgage in which the interest rate is set for an agreed period

the mortgage interest rate will remain fixed or constant on the mortgage during the life of the mortgage to the original borrower.

A loan with the same interest rate and payment for the life of the loan. When you lock in the interest rate for a fixed rate loan, you'll have the same rate and monthly payment for the loan's full term. The main benefit is that you always know what your housing costs are, which takes out the guesswork when planning ahead.

During the fixed rate period, the interest rate on this type of mortgage stays the same, regardless of changes in the Bank of England base rate. This means your monthly mortgage repayments are the same each month even if interest rates go up or down.

A mortgage in which the monthly principal and interest payments remain the same throughout the life of the loan. Fixed rate mortgages are most common for a 30 or 15 year term. The interest paid on a 15 year mortgage is significantly less than on a 30 year term mortgage.

A mortgage loan in which the rate remains fixed for the entire term of the loan

A mortgage whose interest rate does not change for the life of the loan. Principal and interest are also fixed.

The interest rate is set over the life of the loan

A fixed rate mortgage is a long-term loan you use to finance a real estate purchase, typically a home. Your borrowing costs and monthly payments remain the same for the term of the loan, no matter what happens to market interest rates. This consistency is one of a fixed rate loans most attractive features, since you always know exactly what your mortgage will cost you. If interest rates rise, a fixed mortgage works in your favor. But if market rates drop, you would have to refinance to take advantage of the lower rate to reduce your mortgage costs. Fixed rate mortgages, which are available in 15-, 20-, and 30-year terms, tend to more common than adjustable rate mortgages except in periods when the market interest rates are high.

A mortgage on which the interest rate is specified in the loan contract, and remains unchanged throughout the term of the mortgage loan.

Loan with an interest rate that remains at a specific rate for the entire loan. Approximately 75 per cent of home mortgages are this type.

A mortgage which features a fixed rate of interest and a level monthly payment that remains constant over the life of the mortgage.

A mortgage in which the monthly principal and interest payments remain the same throughout the life of the loan. The most common mortgage terms are 30 and 15 years. With a 30-year fixed rate mortgage your monthly payments are lower than they would be on a 15 year fixed rate, but the 15 year loan allows you to repay your loan twice as fast and save more than half the total interest costs.

A mortgage for which the interest rate will remain constant throughout the term of the loan.

A mortgage loan where the interest rate is established at its origination and continues unchanged through the life of the loan. More...

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