Fixed-rate mortgage

Fixed-rate mortgage

Also: fixed mortgage, fixed-interest mortgage. Mortgage with a fixed, unchangeable interest rate running for a period agreed on between the bank and the borrower, usually between two and ten years.

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Part of Speech: noun
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Industry/Domain: Banking
Category: Investment banking
Company: UBS
Product:
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Related terms

fixed-rate mortgage

Banking; Investment banking

Also: fixed mortgage, fixed-interest mortgage. Mortgage with a fixed, unchangeable interest rate running for a period agreed on between the bank and the borrower, usually between ...

fixed-rate mortgage

Banking; Refinance

A home loan with a predetermined fixed interest rate for the entire term of the loan.

fixed rate mortgage

Business services; Relocation

A mortgage in which the interest rate is constant for the entire term of the loan, typically 15 or 30 years.

fixed rate mortgage

Construction; General

A mortgage with an interest rate that remains the same over the years.

fixed-rate mortgage (FRM)

Real estate; General

A mortgage in which the interest rate does not change during the entire term of the loan.

fixed rate mortgage (FRM)

Real estate; General

A conventional loan with the same interest rate for the life of the loan.

dirty floating

Banking; Investment banking

Currency policy which in principle recognizes the free movement of exchange rates but where interventions are nonetheless made with some frequency in an attempt to influence the ...

economic viability

Banking; Investment banking

Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.

summary bill enforcement procedure

Banking; Investment banking

Especially rapid summary bankruptcy proceedings brought against bill and cheque debtors whose names are entered in the commercial register.

share index

Banking; Investment banking

Indicator showing changes in the average prices of shares or groups of shares on the stock market. In Switzerland the most commonly used equity price indices are the Swiss ...

benchmark

Banking; Investment banking

Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.