What is a Fixed Rate Mortgage and how do they work?

A Fixed Rate Mortgage is a mortgage loan that has an interest rate that does not change over time. Once your loan is closed, the rate will never change. This means, the principal and interest part of your mortgage payment will not change.

Most homeowners prefer this type of financing if they plan to pay the minimum required monthly payment and keep the home indefinitely.

We can help determine if a Fixed Rate Mortgage is right for you. Discover Your Options or contact your Loan Officer today.

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