Conventional Fixed Rate Mortgage

Conventional Fixed Rate Mortgage,

How To Define Conventional Fixed Rate Mortgage?

  • You can define Conventional Fixed Rate Mortgage as, Fixed Rate Mortgage offers a fixed rate and payments that do not change the life of the loan.

Literal Meanings of Conventional Fixed Rate Mortgage

Conventional:

Meanings of Conventional:
  1. Based on or in accordance with what is commonly done or believed.

Sentences of Conventional
  1. Traditional ethics behavior

Synonyms of Conventional

ordinary, normal, regular, traditional, usual, typical, standard, common

Fixed:

Meanings of Fixed:
  1. Safely position the map.

  2. (Including prices, fees or conditions) which are default and cannot be changed or modified.

  3. (Sports competition), the result of which was unfairly predetermined

  4. Located in connection with

Sentences of Fixed
  1. Fixed iron ladder at the port

  2. Most funds lock investors for a specific period of time

Synonyms of Fixed

specified, prearranged, settled, fastened, allotted, set, fast, decided, agreed, confirmed, determined, established, arranged, stable, secure, firm, prescribed, decreed, predetermined

Rate:

Meanings of Rate:
  1. Set a pattern or value for a particular scale (object).

  2. Think of it as a particular quality, standard or area.

  3. A measure, quantity or frequency that is usually measured in relation to another quantity or unit of measure.

  4. Scolding (someone) in anger

Sentences of Rate
  1. They were asked to assess their abilities in various driving exercises.

  2. This program is considered very successful.

  3. Promotion price

Synonyms of Rate

adjudge, evaluate, hire, gauge, compute, measure, think to be, assess, judge, price, find to be, weigh up, appraise, value, cost, charge, put a value on, estimate, hold to be, consider to be, fare, outlay, figure, amount, deem to be, tariff, judge to be, calculate, reckon to be

Mortgage:

Meanings of Mortgage:
  1. Transfer (assets) to lenders as collateral.

  2. A legal agreement in which a bank or other lender lends money at a reasonable interest rate on the lender's property, provided the transfer of the property is canceled after the loan is repaid.

Sentences of Mortgage
  1. The farm is in mortgage

  2. I deposited one lakh in cash and mortgaged the rest

Synonyms of Mortgage

credit, advance, mortgage, pawn, guarantee, put up as collateral