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Fixed Rate Loans

A Fixed-rate mortgage offers a straightforward monthly payment. With a Fixed rate mortgage, your interest rate - and your total monthly payment of principal and interest, will stay the same for the entire term of the loan. That predictability makes it easier to set your budget and there will not be any surprises in the future.

Fixed Rate loans are available as follows:

30 YR Fixed, 25 YR Fixed, 20 YR Fixed, 15 YR Fixed, and 10 YR Fixed

The loan product will indicates how long the life of the loan will be and the balance will be paid off in full at the end of the fixed term. Generally, the shorter the term, the lower the rate becomes. And the shorter the term, the higher the fixed monthly payments will be.

Fixed Rate Mortgages are good for you if you:

  • Think that interest rates could rise in the next few years and want to keep the current rate
  • Intend to keep this property for many years (longer than what is available on the ARM products)
  • Prefer the stability of a fixed interest and payment to a payment that changes periodically