With an interest rate that remains constant for the life of the loan, a fixed rate mortgage makes it easier to plan for longer-term stability with a set monthly payment.
What are the benefits of Fixed Rate Mortgages?
Interest rate remains the same even if rates rise
Makes budgeting easier with a stable monthly payment1
Choose from a variety of terms, from 10 to 30 years
Can include your property taxes and homeowner's insurance premiums with monthly mortgage payment (through use of an escrow account).
