Loan Programs - Fixed Rate Mortgage

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Fixed Rate Mortgage

Fixed Rate Mortgages are one of the most common types of mortgage programs.  They usually have a repayment term lasting 15 or 30 years.  Throughout those years, the interest rate, along with the monthly principal & interest payments remain the same.

You should consider a Fixed Rate Mortgage when you…
Plan to live in the home more than 7 years
Like the stability of a fixed principal & interest payment
Don’t want to run the risk of future monthly payment increases

Fixed Rate Advantages:
Monthly payments are fixed over the life of the loan
Interest rate does not change
Protected if rates go up

Contact Us Today to learn more about Fixed Rate Mortgages.

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