Fixed Rate Loan Highlights & Benefits

  • Fixed mortgage rate offers uniform payment throughout life of loan (does not apply to taxes, insurance, or other escrowed items).

  • Consistent payment makes it easier to budget.
  • Added security and stability from market flux.
  • On fully amortizing fixed rate mortgage products, the amount of principal that is paid down grows each month - while the payment remains the same.
  • Easier to understand than variable rate products.