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Fixed-interest period

Period for which the mortgage rate stays fixed. A remaining balance may face a new rate at the end.

01

Simple definition

Period for which the mortgage rate stays fixed. A remaining balance may face a new rate at the end.

02

Why it matters

This term changes how inputs, cash flows or results should be interpreted. RATIOXA keeps it explicit so two options are compared on the same basis.

03

Worked example

After a ten-year fixed period, a 30-year mortgage is usually not fully repaid.