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.

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