A fixed rate mortgage has a “Fixed” rate for the entire term of the loan, hence the name. It will keep the same interest rate over the entire life of the loan, regardless of any fluctuations in the economy. This secures the mortgage payment to a single amount.
Benefit of a Fixed Rate
The benefit of this type of mortgage is that you, the homeowner, will not have to contend with varying mortgage payments.
We have great terms with our fixed-rate programs.
- Choose from 15, 20 or 30 year fixed rate
- Ideal for long-term home purchase
- Lock in low payment, especially now with low interest rates
- Low cost and fast closings available
Call us today for more information.