fixed-term mortgage

fixed-term mortgage

A real estate loan for a definite period of time, such as 15 or 30 years.
References in periodicals archive ?
The principle and interest for a fixed-term mortgage is rather straightforward.
30-year fixed-term mortgage rates are now above 5 percent and home sales are slowing, which has negative implications for construction spending and associated retail activity next year (furniture and furnishings etc).
Citizens Advice found people who remain on the standard rate after a two-year fixed-term mortgage deal faced an average loyalty penalty of PS439 a year.
For many small businesses, buying office space instead of leasing presents a more attractive proposition, particularly with a fixed-term mortgage.
The newly announced rate is again complemented by cuts to the bank s one and two-year fixed-term mortgage rates to the same level of 5.85% per year.
The bank yesterday revealed new market leading one, three and five-year fixed-term mortgage rates conditional on borrowers having a minimum of 20 per cent equity and taking out a minimum new lending of NZD100,000.
Rhys Jenkins, Llandaff: My fixed-term mortgage ends shortly.
If you are coming out of a fixed-term mortgage and can't find an affordable rate, consider moving to interest only or lengthening the repayment period as a short term option.
Those who have managed to keep their head above water as a result of cheap fixed-term mortgage deals could also soon be struggling."
Canadian banks' fixed-term mortgage rates are usually influenced by trends on the bond markets.
It is difficult to predict if the variable mortgages will continue to increase, therefore we find that for peace of mind, most expats opt for a fixed-term mortgage of around five years.