Fixed Rate Mortgages

fixed_rate_mortgagesLevel payments and security in the future.

Locking in today’s low interest rates has never been a better choice when it comes to your mortgage. Choosing a fixed rate mortgage offers the peace of mind knowing that your Principal and Interest payment will not rise in the future.

Fixed rate loan terms are available on all loan types, this includes Conventional, FHA, VA, USDA Rural Development and even Reverse Mortgages.

Fixed Rate Mortgages are:

  • Most common in 30 and 15 year terms.
  • Available for terms anywhere between 10 all the way through 30 years on conventional mortgages.
  • The safest option for borrowers looking to stay in their homes long term.

Although Adjustable Rate Mortgages may offer slightly lower interest rates for a small period of time, the benefits of knowing your payments will NEVER go up with a Fixed Rate Mortgage often outweigh the temptation to choose an Adjustable Rate Mortgage.

To find out how a fixed rate mortgage can help you buy your dream house or stabilize your current homes mortgage payments please complete this form or call us immediately at 248-608-9120 to get answers to your questions now.