Fixed Rate Loans are a Good Choice if You:
  • Like the new rate and want to keep it for the life of your loan.
  • Plan to stay in your house a long time.
  • Prefer the security of a fixed principal / interest payment over one that changes periodically
     
30 Year Fixed Rate Home Loan
  • Lowest monthly payment of the fixed rate loan choices
  • Keeps home loan payments affordable by extending them over a long period of time
  • Provides maximum tax-deductible interest (Consult your tax advisor)

 

20 Year Fixed Rate Home Loan
  • Helps you pay off your home faster and build equity quicker than 30 year home loan
  • Has a lower interest rate than a 30 year loan (But higher monthly payments)
  • Saves considerable money on total interest paid over the life of your loan

 

15 Year Fixed Rate Home Loan
  • Has higher payments than a 30 year or 20 year home loan, but a lower interest rate
  • Saves considerable money on total interest paid over the life of your loan
  • Builds equity in your home faster.

 

Want to further explore fixed rate home loans? Contact Us!