Fixed Rate Loan


Also found in: Acronyms.

Fixed Rate Loan

A loan with an interest rate that does not change over the life of the loan. For example, if one borrows money at a fixed interest rate of 10%, then 10% is amortized over the maturity of the loan and thus payments never change. A fixed interest rate differs from a variable interest rate, which may change, at least within certain parameters. Most home mortgages in the United States are fixed rate loans.
References in periodicals archive ?
The robust rent roll and high level of historical occupancy were factors in providing Goodrich with a non-recourse, competitive 10-year fixed rate loan term.
Additionally, recent homebuyers (within the last several years) who used an interest-only or adjustable rate mortgage are turning to fixed rate loans as they refinance and take advantage of equity.
Sean Mooney arranged a $1,025,000 fixed rate loan for the cash-out refinance of a mixed use property located at 220 5th Avenue Brooklyn, NY.
One program by Irvine-based American Savings Bank offers no points and no fees for fixed rate loans.
4 million dollar fixed rate loan to 122 Peter Street LLC for the self storage facility located at 3322 Hudson Ave, Union City, NJ.
The lender, Inland Bank, provided a fixed rate loan covering 85 percent of the cost of the acquisition," said Michael S.
A ten year, fixed rate loan in the amount of $2,650,000 was obtained by Len Solinsky for a thirteen unit multi-family property in the Bronx.
The loan was originated by ARCS' San Francisco office through Fannie Mae's Fixed Rate loan product.
The 10-year, fixed rate loan had a coupon rate of 5.
Prudential provided a $56 million seven-year fixed rate loan and a $14 million five-year floating rate loan, with both loans cross-collateralized and secured by the same asset pool.
The 10-year, fixed rate loan consists of a $61 million senior tranche and a $5.