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Fixed Installment


The regular payments (usually monthly) due on a mortgage loan. This includes payment of both principal and interest.

The part of your mortgage payment that is put towards the principal and interest of your loan. If your monthly fixed installment is not high enough to cover all of the interest and a reduction in the principal of your mortgage, it will result in a negative amortization and your loan balance will go up instead of down.

 


 

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