Fixed Loan

In an attempt to revive interest in development, the Jamestown Local Development Corp. has significantly lowered interest rates on nine of the 10 different loans it offers – something it hasn’t done since 1996. ”We thought we’d take a shot at lowering the interest rates on most of our loans,” said Steve Centi, the city’s [...]

To understand why a fixed loan might be a good choice it’s important to understand what it is and how it differs from an adjustable loan. Fixed loans are actually the most common type of loan. They’re often referred to with terms like fixed-rate loan or fixed-rate mortgage if it’s a home-buying loan. The most [...]