Topical Terminology  

       

Topical Terminology > 25 Year Fixed



2 Definitions

25 year fixed

For 25 year fixed we have terms and definitions in 2 topics. The topics are Home Equity and Refinance.



25 Year Fixed (Home Equity)

A loan with the same interest rate and payment over the entire 25 year life of the loan. As one of the longer loan terms available, 25 year fixed loans offer lower payments, but you will pay more in interest over the life of this loan than a similar loan with a shorter term.


25 Year Fixed (Refinance)

A loan with the same interest rate and payment over the entire 25 year life of the loan. As one of the longer loan terms available, 25 year fixed loans offer lower payments, but you will pay more in interest over the life of this loan than a similar loan with a shorter term.




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