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• A mortgage in which the interest rate and monthly payments of principal and interest remain the same for the life of the loan.

  State of Maine, Department of Professional and Financial Regulation - Cite This Source - This Definition
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  Cite Definition for fixed-rate mortgage

  American Psychological Association (APA)

  fixed-rate mortgage. (n.d.). Consumer Credit Protection Glossary. Retrieved March 30, 2023, from website: http://www.expertglossary.com/definition/fixed-rate-mortgage.

  Chicago Manual of Style (CMS)

  fixed-rate mortgage. www.maine.gov. Consumer Credit Protection Glossary. State of Maine, Department of Professional and Financial Regulation. http://www.expertglossary.com/definition/fixed-rate-mortgage (accessed: March 30, 2023).

  Modern Language Association (MLA)

  "fixed-rate mortgage." Consumer Credit Protection Glossary. State of Maine, Department of Professional and Financial Regulation. 30 March. 2023 http://www.expertglossary.com/definition/fixed-rate-mortgage.

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