HomeSite MapCompareFinanceDebtCasino Stepped fixed rate mortgageThe 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 MatchesAssumable mortgageAssumable mortgageA mortgage that can be transferred to another borrower. Balloon mortgageBalloon mortgageA 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 mortgageBiweekly mortgageA mortgage that requires payments every two weeks and helps repay the loan over a shorter term. Further SuggestionsBlanket mortgageBuy down mortgage Cap & collar mortgage Capped rate mortgage Cashback mortgages Chattel mortgage Cooperative mortgages Click to compare definitions of Stepped fixed rate mortgage Click to view definitions beginning st |