Fixed Rate Loan

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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.
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Further, refinancing borrowers clearly preferred fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate.
Rosenberg negotiated two other fixed-rate loans totaling $28.
Brinkmann said, "Prime fixed-rate loans continue to represent the largest share of foreclosures started and the biggest driver of the increase in foreclosures.
The group said interest rates on fixed-rate loans reached their lowest point in December 2005, with rates averaging 4.
And overall, fixed-rate loans accounted for 76% of all loans for house purchases, returning to their highest-ever level last achieved in November 2005 when they also reached 76%.
At the same time, the number of fixed-rate loans has fallen from the already low level of recent years.
com said the top five two and three-year discount rates were all offered by building societies, while four of the best fixed-rate loans were also offered by mutuals.
These fixed-rate loans generally are repaid in three to five years, "Rates have come down," says McBride, "but refinancing might: not be the best move.
The large number of refinancers that opted for fixed-rate financing is not surprising insofar as borrowers tend to refinance when rates are perceived as low, and the inclination is to lock in low rates with fixed-rate loans.
Discover Student Loans Adds Fixed-Rate Loans for Undergraduate, Health Professions, Law, MBA and Graduate Students
14, 2012 /PRNewswire/ -- In the fourth quarter of 2011, fixed-rate loans accounted for more than 95 percent of refinance loans, based on the Freddie Mac(OTC: FMCC)Quarterly Product Transition Report released today.
Business Loan Express, LLC will begin providing fixed-rate loans for investment real estate properties throughout its network of over 40 offices nationwide.

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