A mortgage loan with a fixed rate of interest and a fixed payment for principal and interest that is available from a financial institution is called

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A conventional mortgage is a loan that is not insured or guaranteed by the government. It offers a fixed rate of interest and a fixed payment for principal and interest, making it a reliable and predictable option for borrowers. Assumable mortgages allow a new borrower to take over the remaining balance of an existing mortgage with the same terms and interest rate, while seller financing involves the seller acting as the lender and financing the purchase directly. A lender buy-down mortgage involves a borrower paying additional fees to lower their interest rate temporarily.

A Mortgage Loan with a Fixed Rate of Interest and a Fixed