Exactly as its name implies, a Fixed Rate Mortgage has a fixed interest rate that remains static for the life of the loan. This provides homeowners with a consistent recurring payment and protects them from surprise jumps in their rate or payments.

A Fixed-Rate Mortgage is probably for you if:

  • You have long term goals for your home
  • You need the peace of mind of having the same payment for the life of your loan
  • You prefer not to have to deal with the potential of fluctuating interest rates
  • You are confident and comfortable with your monthly payment 

To get more information about this loan product, contact your Loan Officer today.