A loan secured by real property featuring an interest rate that is constant for the term of the loan. Contrast with Adjustable Rate Mortgage.
Example: A fixed-rate mortgage is originated with an interest rate of 6% for a term of 30 years. The rate will remain at 6% until the loan is retired or the Due-On-Sale Clause is exercised at resale of the property.
Fixed-Rate Mortgage
| Real Estate Dictionary: Fixed-Rate Mortgage |
| 5min Related Video: Fixed-Rate Mortgage |
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 | Ordinary Annuity |
| Fixed-Rate Loan (business term) |
| Adjustable Rate Mortgage (ARM) (insurance term) |
Help us answer these
 | Is fixed rate mortgage the same with tied-up mortgage? |
| Prevailing rate for a 30 year fixed rate mortgage? |
| What is a fixed mortgage? |
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 | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Ordinary Annuity
- Fixed-Rate Loan (business term)
- Adjustable Rate Mortgage (ARM) (insurance term)
- Two-Step Mortgage (in banking)
- Convertible (in banking)
- 15-Year Mortgage (in banking)
- Constant Payment (in banking)
- Biweekly Mortgage (in banking)
- Convertible Arm
- Balloon Mortgage (in banking)
- Graduated Payment Mortgage (GPM) (in banking)
- Fifteen-Year Mortgage (business term)
- Conventional Loan
- Shared Appreciation Mortgage (SAM) (in banking)
