What are the opposite words for fixed-rate mortgage?
Fixed-rate mortgage is a common term used in the real estate industry. It refers to a type of mortgage loan with an interest rate that remains constant throughout the loan term. However, there are several antonyms for fixed-rate mortgage, which refers to a different type of mortgage loan. For instance, adjustable-rate mortgage, commonly known as ARM, is a mortgage loan with an interest rate that changes according to the market trend. Another antonym is balloon mortgage, which has a lower interest rate but with a significant lump sum payment at the end of the loan term. Lastly, interest-only mortgage loans allow borrowers only to pay the interest rate without paying the principal amount.
What are the antonyms for Fixed-rate mortgage?
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n.
• a loan with periodic changes
• adjustable-rate mortgage
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