Fixed Rate Mortgage
Loan Option with a specific interest rate for the entire term of the loan.
Loan Option with a specific interest rate for the entire term of the loan.
Fixed Rate Mortgages charge a set interest rate that does not change throughout the life of the loan.
This rate will differ depending on the length of the loan, credit score, annual income, and current market interest rate trends.
Fixed Rate Mortgages can be of value to you when buying a home because the monthly payment never changes, and it is easy to budget when you know exactly how much you will pay over the term of the loan.