Definitions for "Fixed-Rate Mortgage"
Keywords:  frm, outset, stay, entire, remain
Fixed-Rate Mortgage (FRM) is a loan where the interest rate is locked for the...
Typically, a 15- or 30-year mortgage in which the interest rate is fixed during the set term. The monthly principal and interest payment will remain the same during the term of the mortgage.
A mortgage where the interest rate remains the same during the entire term of the loan.
Keywords:  fsbo, freddie, mac
Freddie Mac FSBO
Keywords:  strip, commercial
Strip Commercial
The Real Estate Settlement Procedures Act requires a precise listing of all closing costs for both sellers and buyers.
an attractive option for a long-term borrower, since monthly payments do not fluctuate