If you’re looking to make fixed payments throughout the life of the loan, you’re in the right place. With this type of loan, the amount you pay each month won’t ever increase, so you’ll always be able to plan ahead and maintain a certain standard of living.
What is a Fixed Rate Mortgage
Did You Know?
A fixed rate mortgage is a great choice if you plan to stay in yourhome for more than 10 years. The fixed interest rate makes this mortgage popular with first-time home buyers and those who plan to stay in their desired house for many years.
You can choose from various sets of interest rates and loan lengths. The most common type of fixed mortgage loan is 30 years.
You’re a first-time home buyer and looking to settle down for longer periods of time.
You’re seeking the predictability of fixed payments.
You’re looking for a loan that lets you set your household budget.
You have adequate credit. Otherwise, an Adjustable Rate Mortgage might suit your needs better since its initial interest rates are usually lower.
If you’re thinking about applying for a Fixed Rate Mortgage, our experts are more than
willing to help you.