Fixed-Rate Loan

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January 1, 1 6 min read Definitions
Step Loan
Step Loan Adjustable-Rate Mortgage (ARM) Fixed-Rate Loan Hybrid Mortgage Interest Rate Adjustment Mortgages Real Estate Financing
A step loan is a type of adjustable-rate mortgage where the interest rate is adjusted only once during the life of the loan, blending characteristics of both fixed-rate and adjustable-rate loans.
Read more about Step Loan.

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