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• A loan secured by real property which features a periodic payment of interest and principal that is constant over the term of the loan. All fixed payment mortgages are fixed rate mortgages, but some fixed rate mortgages may have variable payments, such as graduated payment mortgages (GPM).

  U.S. Census Bureau - Cite This Source - This Definition
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  Cite Definition for Fixed payment mortgage

  American Psychological Association (APA)

  Fixed payment mortgage. (n.d.). Glossary Of RFS Terms And Definitions. Retrieved June 8, 2023, from website: http://www.expertglossary.com/definition/fixed-payment-mortgage.

  Chicago Manual of Style (CMS)

  Fixed payment mortgage. www.census.gov. Glossary Of RFS Terms And Definitions. U.S. Census Bureau. http://www.expertglossary.com/definition/fixed-payment-mortgage (accessed: June 8, 2023).

  Modern Language Association (MLA)

  "Fixed payment mortgage." Glossary Of RFS Terms And Definitions. U.S. Census Bureau. 8 June. 2023 http://www.expertglossary.com/definition/fixed-payment-mortgage.

• Browse Related Terms: Alternative mortgage instrument (AMI), Buydown Account, closed-end mortgage, Fixed payment mortgage, fixed-rate mortgage, graduated payment mortgage (GPM), Graduated Payment Mortgages, Growing-Equity Mortgage (GEM), Low-Down-Payment Feature, Property Appreciation, Variable payment plan