Term Monetary Definition Of Term

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Interest Rate Variations: The 2 commonest terms are 30 years and 15 years. 15-year FRMs typically carry interest rates from .25% to .50% under those on comparable 30-12 months FRMs. This charge difference strengthens the case for the 15 by lowering the fee advantage of the 30 and rising the benefit of the 15 in the speed at which fairness grows.

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