This allows a lender to create a payment schedule with constant payments over the entire life of the loan. (investopedia.com)
The monthly mortgage payment which, if maintained unchanged through the remaining life of the loan at the then - existing interest rate, will pay off the loan over the remaining life. (cornerstonemortgage.com)
With a lower interest rate on your new loan, you can save thousands of dollars over the whole life of the loan. (badcreditloanservices.com)