fixed-rate mortgage
11fixed rate — n: a rate (as of interest) that stays the same a mortgage with a fixed rate Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
12Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …
13Variable Rate Mortgage — A type of home loan in which the interest rate is not fixed. The two most common types of mortgages in the United States are fixed rate and variable rate (also called adjustable rate). With a fixed rate mortgage, the interest rate does not change …
14adjustable rate mortgage — noun : a mortgage having an interest rate which is usually initially lower than that of a fixed rate mortgage but is adjusted periodically according to the cost of funds to the lender abbreviation ARM * * * (abbr.: ARM) n. a mortgage whose rate… …
15fixed-rate — adj. Fixed rate is used with these nouns: ↑loan, ↑mortgage …
165-1 Hybrid Adjustable-Rate Mortgage - 5-1 Hybrid ARM — An adjustable rate mortgage (ARM) with an initial five year fixed interest rate. After this initial five year period, the interest rate begins to adjust on an annual basis according to an index plus a margin (or, the fully indexed interest rate) …
17Variable-rate mortgage — A variable rate mortgage or floating rate mortgage is a mortgage loan where the interest rate varies to reflect market conditions. The interest rate will normally vary with changes to the base rate of the central bank and reflects changing costs… …
18adjustable rate mortgage — noun Date: 1981 a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but is adjusted periodically according to the cost of funds to the lender …
19Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …
20Mortgage calculator — Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow on a piece of real estate. Mortgage calculators can also be used to compare the costs, interest rates, payment schedules,… …
