What are the opposite words for variable-rate mortgage?

A variable-rate mortgage is a type of loan where the interest rate can change over time, based on market conditions. Antonyms for this word would include "fixed-rate mortgage," which has a set interest rate for the entire loan term, and "non-adjustable-rate mortgage," which lacks flexibility in interest rate adjustments. With a fixed-rate mortgage, borrowers have the security of knowing their monthly payments will remain the same, regardless of market changes. This type of loan is often preferred by homeowners who want predictable and stable payments. On the other hand, non-adjustable-rate mortgages may be more restrictive, but they can provide greater stability in the long run.

What are the antonyms for Variable-rate mortgage?

• n.

  • adjustable-rate mortgage
  • FRM
  ,
  • conventional mortgage
  ,
  • fixed-rate mortgage
  .

Related words & questions

Related words: best variable rate mortgage, best variable rate, what is a variable rate mortgage, best variable mortgage rates, best variable mortgage

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