What’s a Fixed Rate Mortgage?
It’s a mortgage with an interest rate that stays the same throughout the life of the loan. The main advantage is that your monthly principal and interest payments do not change making budgeting a snap. One of the most common mortgages for first-time home buyers due to their stability – allowing for a predictable monthly housing cost.
Benefits of a fixed-rate mortgage
- Inflation protection
- Long-term planning
- Low risk
Should You Choose a Fixed Rate Mortgage?
Does a fixed rate mortgage make sense for your financial situation? Talk to one of our Mortgage Lending professionals and make sure you’re getting the mortgage that best fits you and your goals. That’s what we’re here for!
*We’re able to provide Mortgage Lending Services in the following states: OH, WV, SC, NC, FL, TX and PA.
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