Welcome! We’ve been the number one mortgage lender for three years in a row. Let us help you find the best mortgage!
Menu Chat
line
Father-And-Son-in-front-of-home

Fixed-rate mortgages are the most common type of mortgage selected by homeowners today. With a fixed-rate, you are locked in to a set interest rate. This means your monthly mortgage payments will remain the same for the entire life of the loan, whether 15, 20, or 30 years.

Types of Fixed-Rate Mortgages:

  • 30-year Term – With this, your monthly payment will be lower due to the extended period of the loan, but your interest rate is typically higher and you pay more interest over time.
  • 15-year Term – With this, you have a higher monthly payment because the loan term is significantly shorter; however, you can build equity much faster than with a 30-year fixed rate mortgage and pay less interest over the life of the loan with a lower rate.

 

Fixed-Rate Mortgage Benefits:

  • The major benefit is that your mortgage payment will never change. If interest rates rise, rest assured that your mortgage payments will not.
  • Fixed mortgage borrowers don’t necessarily need to worry too much about what is happening in the market, though it’s wise to monitor interest rates in the event a significant drop makes it favorable to consider refinancing.
  • This is generally a stress-free loan choice and one favored by government programs for their stability.
Shane, you were definitely the right dog to put in the fight. Everyone else told me that my situation would not allow me to purchase another home for my family and you were the only one out of many that said it could be done! They were dead wrong! Thanks so much for your effort and making my family's dreams come true. If anyone out there needs a real expert on the VA home loan process, Shane Johnson is the person to talk to. Thanks again! Sergeant Kenneth J. Guidry HHC 3/156 Infantry