Fixed Rate and Payments

This type of loan has been the Traditional choice of home buyers who plan on staying in their new home for years to come, and wish to build equity in their home.

A mortgage with payments that remain the same throughout the life of the loan. The interest rate and other terms of the mortgage are fixed and don’t change.

A Fixed Rate Mortgage offers peace of mind! Regardless of fluctuations in the market, the principal and interest payment remains the same for the life of the loan!

A Fixed Rate Mortgage is generally offered for; 15, 20, and 30 year terms, and sometimes longer. The longer the term the lower your monthly payments. But with a shorter term, you build equity sooner; but your payments are larger.

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