Fixed-rate Mortgage - Housing Loan Rates

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Mortgage Loan Interest Rates
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Fixed-rate Mortgage - Housing Loan Rates
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• A fixed-rate mortgage (FRM), often referred to as
  a "vanilla wafer" mortgage loan, is a fully
  amortizing mortgage loan.
• where the Mortgage Loan Interest Rates on the
  note remains the same through the term of the
  loan, as opposed to loans where the interest rate
  may adjust or "float".
• As a result, payment amounts and the duration of
  the loan are fixed and the person who is
  responsible for paying back the loan benefits
  from a consistent.
• single payment and the ability to plan a budget
  based on this fixed cost.

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• Other forms of mortgage loans include interest
  only mortgage, graduated payment mortgage,
  variable rate mortgage (including adjustable-rate
  mortgages and tracker mortgages).
• negative amortization mortgage, and balloon
  payment mortgage.
• Unlike many other loan types, FRM interest
  payments and loan duration is fixed from
  beginning to end.

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• Fixed-rate mortgages are characterized by amount
  of loan, interest rate, compounding frequency,
  and duration.
• With these values, the monthly repayments can be
  calculated.
• Source http//houseinforme.blogspot.in/2015/12/f
  ixed-rate-mortgage-housing-loan-rates.html

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Click to know more on Mortgage Loan Interest
Rates https//www.hdfc.com/non-housing-loans/loan
-against-property-salaried
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