Fixed Rate

Fixed-rate mortgages are great for certain types of borrowers. In a fixed rate mortgage the monthly mortgage payment amount and interest rate amount do not change. They can change if an escrow cost goes up. For instance if your homeowners insurance rate is increased and it is included in you payment, your payment will rise the amount that your insurance increased.

The advantages of Fixed-Rate Mortgage

A fixed-rate mortgage provided one of our 400 lenders is a smart choice for borrowers that want the security of a payment that will never change.