Fixed Rate Mortgage

Interest rates on Fixed Rate Mortgages are still very low! If you plan to stay in your home for the long term, a consistent payment that never changes can help you prepare for your financial future.

Common types of fixed rate mortgages

15-Year Fixed

  • You will pay less in interest. A 15-year mortgage means less total interest paid over the life of the loan.
  • Your monthly payment will likely be higher. You're paying more toward the principal each month.

30-Year Fixed

  • Lower monthly payments spread over a longer period, making homeownership more affordable month-to-month.
  • You will pay more in interest. A longer mortgage means more interest charged over time.

How it Works

A fixed-rate mortgage locks in your interest rate for the entire life of the loan, providing predictable monthly payments that make budgeting easier. Unlike adjustable-rate mortgages, your rate will never change regardless of market conditions.

This stability makes fixed-rate mortgages ideal for borrowers who plan to stay in their home long-term and want protection against rising interest rates.

Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.