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Fixed Rate Mortgages

The Safest Rate For

Your Primary Residence

If you plan to stay in your home for the long term, a consistent payment that never changes can help you prepare for your financial future.

Interest Rates on Fixed Rate Mortgages Are Still the Safest Type of Rate For Your Primary Residence

15 Year Loan

You will pay less in interest. If you borrow $100,000 to purchase a home at a 4% interest rate, paying over a longer period of time will mean more interest on the money borrowed. So, a 15-year mortgage can significantly cut down on the interest that you pay.

Add to that the lower interest rates that are often available for 15-year mortgages and you could have some big savings available. Your monthly payment will likely be higher, but you will be mortgage-free in half the time, which is no small feat.

30 Year Loan

You will pay more in interest over a longer mortgage — this is how banks and other lenders make their money. They loan you, the borrower, money and collect their interest over the 15 or 30 years it takes you to pay them back.

Your monthly payment will likely be lower. Because you are spreading out your payments over a longer period of time, they will almost always be lower with a 30-year mortgage. If your monthly budget is tight, this may be a better way to go.

The Details

How it Work

Rate Never Changes

With a Fixed Rate Mortgage, your interest rate will never change, even if market rates increase.

Consistent Payment

Monthly payments are based on interest rate, principal loan amount, and amortized interest — and will not change throughout the life of the loan.

No Pre-Payment Penalties

Pay your mortgage off at any time without penalty. Your actual payment will vary based on your situation and current rates when you apply.

Ready to Lock In a Fixed Rate?

One of our mortgage specialists would be happy to answer all of your questions.

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