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What type of mortgage loan has a fixed rate fixed term and fixed payment?
ARM
What type of mortgage loan has a fixed rate a fixed term and a fixed payment?
Conventional Mortgage
What is the term used to describe the fixed payment of interest on a bond?
Coupon Payment
Can mortgage change payment on fixed mortgage?
No, not usually. Only if the loan is modified, or some other strange factor. In 99% of cases, fixed rate mortgages will have a fixed payment which never changes.
What describes how a fixed-rate mortgage works?
The monthly payment on a fixed-rate mortgage never changes.
What type of mortgage loan has a fixed rate fixed term and fixed payment?
ARM
What type of mortgage loan has a fixed rate a fixed term and a fixed payment?
Conventional Mortgage
What is an annual payment called?
A fixed payment which is made annually is called an annuity.
What is the term used to describe the fixed payment of interest on a bond?
Coupon Payment
Can mortgage change payment on fixed mortgage?
No, not usually. Only if the loan is modified, or some other strange factor. In 99% of cases, fixed rate mortgages will have a fixed payment which never changes.
If refinanced at new lowest 30year Fixed rate, what would my payment be on a 230000.00 mortgage?
Based on a 5.45% fixed rate, your monthly payment would be $1298.71
What describes how a fixed-rate mortgage works?
The monthly payment on a fixed-rate mortgage never changes.
Option ARM vs. Fixed Rate Mortgage?
Option ARM vs. Fixed Rate Mortgage A fixed rate mortgage has the same payment for the entire term of the loan. The Option ARM uses a low initial rate to calculate your initial minimum monthly payment. Although the interest rate will increase after 1 to 3 months, your low payment will remain fixed for the entire year. This can produce a much lower monthly payment than a traditional fixed rate mortgage, or even an adjustable rate mortgage (ARM).
What is variable annuity?
A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.
What describes how a fixed rate mortgage works?
A fixed rate mortgage is a loan to buy a house and/or property in which the interest rate charged is 'fixed' or does not change. For instance, if you take out a 30-year fixed rate mortgage, you will have the same interest rate for the first payment as you will for the last payment, 30 years later.
3 situations in which a cash payment would not involve recognition of an expense?
Purchase of a fixed asset. Payment of a liability, loan or other debt. Payment of a dividend.
What is transamerica variable annuity?
A Transamerica Variable Annuity is a fixed system of payment, based on a minimum monthly payment, that ensures payment to individuals during and after retirement.
