This is a type of mortgage where the interest rate paid stays the same throughout the term of the real estate loan.
It is in comparison to an adjustable-rate mortgage (ARM) where the rate changes during the life of the loan.
This is a type of mortgage where the interest rate paid stays the same throughout the term of the real estate loan.
It is in comparison to an adjustable-rate mortgage (ARM) where the rate changes during the life of the loan.