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Refinance > 40 year fixed
The following information is about 40 year fixed.
40 year fixed Defined
A loan with the same interest rate and payment over the entire 40 year life of the loan. As one of the longer loan terms available, 40 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.
This definition is in context to Refinance. See more contextual defintions for 40 year fixed.
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