Presenting

Fixed Rate

What is a fixed rate Mortgage

 Fixed-rate mortgages are the most common type of home loan. They’re also known as traditional, plain vanilla, or 30/30 loans. With this kind of mortgage, your interest rate remains unchanged throughout the life of your loan and never changes even if rates go up or down in the future. This makes it easier to budget because you know exactly how much your monthly payment will be each month until you pay off your loan. You can also plan on paying off your house faster with fixed-rate mortgages because they have lower interest rates than adjustable-rate mortgages (ARMs).

 

Fixed-rate vs variable rate

 A fixed-rate mortgage is an excellent choice if you want predictability when it comes to knowing how much money you need to pay toward housing costs every month and what that cost will be over time. It’s especially beneficial for people who don’t like surprises – which is why so many homeowners choose them! If there are ever any questions about whether a fixed-rate mortgage is right for you, we’ll help answer them during our free consultation session at no obligation whatsoever! Call us today at 555–555–5555! We look forward to hearing from you soon!

01.

Fixed-rate means the interest rate will be the same for all of your loan payments

02.

Variable rates can change at any time - it's important to find out what happens if they go up or down

03.

When you take a fixed-rate mortgage, you know how much your monthly payment will be and how long it'll last

04.

The downside is that with variable rates, you don't know what your payments could look like in 5 years

05.

If you're not sure which one to choose, ask someone who knows about mortgages! They'll help figure out which option is best for you

06.

You may also want to consider whether or not there are any points involved in your new mortgage deal - this will have an effect on the total cost of borrowing money from a lender

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