Fixed Mortgage Loan Programs

Fixed Products are mortgage loans which have a constant interest rate and payment amount for the life of the loan. On a fixed product, the start rate is the floor rate. This means that the rate will not drop below the initial interest rate. The most common fixed mortgages have terms of 10 year, 15 years, 20 years, or 30 years.

A fixed rate program has advantages in that the interest rate will never go above the initial start rate. No matter what happens to the federal rate your interest rate is guaranteed.

Who is this program right for?

Borrowers with good credit and available to qualify for low interest rates, should lock themselves into a fixed rate program.