Fixed Rate Mortgage
A fixed-rate mortgage is one of the most common type of home loans. You can count on a consistent monthly payment and an unchanging interest rate.
Features of fixed-rate mortgages include:
- Terms ranging from 10 to 30 years
- A 20% down payment requirement, or
- As little as 3% down plus monthly PMI
Why the Fixed-Rate?
You’ll want to opt for a fixed-rate mortgage during a time that the market conditions offer a low interest rate. If you plan to be in this home for a long time, it makes sense to choose a fixed-rate mortgage.
Let us help. Contact one of our loan originators today to find out which loan program is right for you.
Comments are closed