A fixed-rate mortgage means your interest rate doesn’t change for the life of the loan. Your principal and interest payment stays the same from the first payment to the last. No surprises.
A fixed-rate mortgage means your interest rate doesn’t change for the life of the loan. Your principal and interest payment stays the same from the first payment to the last. No surprises.
Most homebuyers pick fixed-rate because predictability matters. You know what you owe. The bank doesn’t get to reprice you because rates moved.
Fixed-rate mortgages generally cost more in interest than adjustable-rate, because the lender takes the rate risk for the full term. You pay a small premium for the certainty. For most homeowners staying put, that trade is worth it.
Mortgage terms run from short (10 to 15 years) to standard (30 years), with options in between. Longer terms mean lower monthly payments but more interest paid over time. Shorter terms mean higher monthly payments but faster equity build and a sooner payoff. We’ll model both for you.
Generally no on the loans we broker, but it’s product-specific. We confirm before you commit.
If you know you’re moving within a few years, an adjustable-rate mortgage might actually save you money. Tell us your situation and we’ll lay out the math.
