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Fixed Rate Mortgage

Meet Monica and Tyler

  • Looking To Live At The Property
  • They Plan To Live On Property For Several Years
  • They Do Not Want Their Rate To Change
  • They Like Knowing What Their Paymen Will Be Every Month

We Make The Home Buying Process As Smooth As Possible

What Is A Fixed Rate Mortgage?

The term fixed-rate mortgage refers to a home loan that has a fixed interest rate for the entire term of the loan. This means the mortgage carries a constant interest rate from beginning to end. Terms can range anywhere between 10 and 30 years for fixed-rate mortgages, which are popular products for consumers who want to know how much they’ll pay every month.

Fixed Rate Loan Key Takeaways:

  • A fixed-rate mortgage is a home loan with a fixed interest rate for the entire term of the loan.
  • A Fixed Rate Mortgage will not fluctuate with market conditions.
  • Borrowers who want to know exactly what their payment is, and those planning to live on the property for the long term tend to prefer fixed-rate mortgages.
  • Most fixed-rate mortgages are amortized loans.

A Fixed Rate Loan might be be right for you:

  • This is not an investment home
  • You plan to live at the property for several years
  • You want to know exactly what your payments will be each month
  • You are planning on owning the home for a long time

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