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- Fixed-rate mortgage
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Fixed-rate mortgage
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.
Related Terms
Life cap
Convertible adjustable-rate mortgage
Alternative mortgage
Growing-equity mortgage
Margin
Variable rate mortgage
Negative amortization
Teaser rate
Adjustment period
Cap
Adjustable-rate mortgage (ARM)
Rate-improvement mortgage
Graduated-payment mortgage (GPM)
Interest rate caps
Interest rate ceiling
Step-rate mortgage
Fully amortized adjustable-rate mortgage
Initial interest rate
Buy-down mortgage
Interest accrual rate
Note rate
Variable interest rate
Change frequency
Mortgage
Note
Rate lock
Payment cap
Capitalization rate
Variable rate
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