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Stepped fixed rate mortgage

The mortgage definition for Stepped fixed rate mortgage:

Where the interest is, for example, fixed at one level for one year and then a slightly higher level for two further years. This is not as common as finding stepped discounted mortgages.

Similar Matches

Assumable mortgage

Assumable mortgage
A mortgage that can be transferred to another borrower.


Balloon mortgage

Balloon mortgage
A mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal.


Biweekly mortgage

Biweekly mortgage
A mortgage that requires payments every two weeks and helps repay the loan over a shorter term.


Further Suggestions

Blanket mortgage
Buy down mortgage
Cap & collar mortgage
Capped rate mortgage
Cashback mortgages
Chattel mortgage
Cooperative mortgages


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Stepped fixed rate mortgage
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