HOME PURCHASE
Fixed Rate Purchase
A Fixed Rate Loan program is great for home buyers who plan to stay in their home for a longer period of time. With a fixed rate loan, your interest rate is predetermined for a set period of time (15 years and 30 years are the most common) which allows buyers the security of knowing their mortgage payment won’t change over that specified period. Many borrowers chose a 30 year fixed rate loan to allow for lower month payments, while some chose a 15 year fixed rate loan to pay off the loan much faster and build equity much faster. The choice is yours and our mortgage professionals can help you compare the differences and select a program you feel most comfortable with.
