Today's market practically guarantees a fairly low interest rate, and a fixed rate mortgage can insure you benefit from these low rates for the full term of your mortgage. Although your initial payments maybe higher than with an adjustable rate mortgage, you will receive the security of a fixed monthly payment for the life of you loan, regardless of rising interest rates, and are also likely to have a lower down payment. A fixed rate mortgage is perfect for anyone who likes to budget monthly expenses and plans to keep their home for several years. To find out more about fixed rate mortgages, fill out the form below. After submitting your information, we will put you in touch with a mortgage specialist that will work with you to discover if a fixed rate mortgage is your best choice.

Under $200,000  $200,000 - $359,650 $359,650 - $650,000 Over $650,000

Under $200,000  $200,000 - $359,650 $359,650 - $650,000 Over $650,000

There are two main types of fixed rate mortgages:
* 30 year fixed rate mortgage
* 15 year fixed rate mortgage

30 Year Fixed Rate Mortgage
With a 30 year fixed rate mortgage, your interest rate does not change, your payment does not change, and you pay the loan off in 30 years. Traditionally, this has been the most popular mortgage when interest rates are low because you can lock in and secure a low interest rate.

Advantages
* Lower monthly payments than a 15 year fixed rate mortgage
* Interest rate does not go up if interest rates go up
* Payment does not go up, it stays the same for 30 years

Disadvantages
* Pay a higher interest rate than a 15 year fixed rate mortgage
* Interest rate stays the same if interest rates go down

15 Year Fixed Rate Mortgage
With a 15 year fixed rate mortgage, your interest rate does not change, your payment does not change, and you pay the loan off in 15 years. This hast been popular among people who are refinancing their 30 year loan.

Advantages
* Lower interest rate than a 30 year fixed rate mortgage
* Build up equity in your home faster than with a 30 year loan
* Interest rate does not go up if interest rates go up
* Payment does not go up, it stays the same for 15 years

Disadvantages
* Higher monthly payment than a 30 year fixed rate mortgage

40 year amortizations are also available with some restrictions...contact one of our knowledgeable mortgage professionals now!

Under $200,000  $200,000 - $359,650 $359,650 - $650,000 Over $650,000

Under $200,000  $200,000 - $359,650 $359,650 - $650,000 Over $650,000