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A fixed payment is often referred to as a "fixed cost" or "fixed expense." This type of payment remains constant over time, regardless of the level of goods or services produced or consumed. Common examples include rent, salaries, and insurance premiums. These payments provide predictability in budgeting and financial planning.
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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 do you call a fixed payment made to a person?
A fixed payment made to a person is commonly referred to as a "salary" or "wage." This type of compensation is typically paid at regular intervals, such as weekly or monthly, in exchange for work or services rendered. In some contexts, it may also be called a stipend, especially when referring to a fixed amount paid to support education or research.
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 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 do you call a fixed payment made to a person?
A fixed payment made to a person is commonly referred to as a "salary" or "wage." This type of compensation is typically paid at regular intervals, such as weekly or monthly, in exchange for work or services rendered. In some contexts, it may also be called a stipend, especially when referring to a fixed amount paid to support education or research.
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.
