1 / 6

Fixed-rate Mortgage - Housing Loan Rates

Loan against property from HDFC Ltd offers a higher loan amount at an attractive interest rate. Avail loan agaist a residential or commercial property now<br>

RobbinKendy
Download Presentation

Fixed-rate Mortgage - Housing Loan Rates

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Mortgage Loan Interest Rates

  2. Fixed-rate Mortgage - Housing Loan Rates

  3. A fixed-rate mortgage (FRM), often referred to as a "vanilla wafer" mortgage loan, is a fully amortizing mortgage loan. • where the Mortgage Loan Interest Rates on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust or "float". • As a result, payment amounts and the duration of the loan are fixed and the person who is responsible for paying back the loan benefits from a consistent. • single payment and the ability to plan a budget based on this fixed cost.

  4. Other forms of mortgage loans include interest only mortgage, graduated payment mortgage, variable rate mortgage (including adjustable-rate mortgages and tracker mortgages). • negative amortization mortgage, and balloon payment mortgage. • Unlike many other loan types, FRM interest payments and loan duration is fixed from beginning to end.

  5. Fixed-rate mortgages are characterized by amount of loan, interest rate, compounding frequency, and duration. • With these values, the monthly repayments can be calculated. • [Source: http://houseinforme.blogspot.in/2015/12/fixed-rate-mortgage-housing-loan-rates.html]

  6. Click to know more on Mortgage Loan Interest Rates: https://www.hdfc.com/non-housing-loans/loan-against-property-salaried Thank You…

More Related