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A fixed rate mortgage offers piece of mind. Regardless of fluctuations in the market,
your principal and interest payment remains the same for the duration of the loan.
Lenders generally offer Fixed Rate Mortgages for 10, 15, and 30 year terms. The longer
the term of your loan, the lower the monthly payment will be. With a shorter term,
your will build equity in your home more quickly.
Because they offer a monthly payment that is known and doesn't change, fixed-rate
mortgage loans are the traditional choice of home buyers who plan to stay in their
home for many years and want to build equity in their home
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