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fixed-rate loan

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Fixed-rate loan
A loan whose rate is fixed for the life of the loan.

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.

fixed-rate loan

A certain percentage rate of interest that will not change over the life of the loan. Contrast with adjustable-rate loan or mortgage.



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Marcus & Millichap Capital Corporation (MMCC) has arranged a $400,000 fixed-rate loan for the refinance of a 7,500 s/f, four-unit apartment building with two retail spaces, located in the Crown Heights neighborhood of Brooklyn.
The report revealed that one in three new repossessions between April and June was a prime, fixed-rate loan - up from one in five a year earlier.
For the second month, the Bank has not compiled data for fixed-rate loans requiring 5% deposits, because such 95% loan-to-value mortgages are much more difficult to find.
 
 
 
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