Fixed Rate Mortgage Loans

• Monthly payments are fixed over the life of the loan
• Interest rates do not change
• Loan terms from 10 years – 30 years
• Protected if rates go up
• Can refinance if rates go down
• Appropriate for borrowers who plan to occupy the home at least 7 years
• Appropriate for borrowers on a fixed income
• Appropriate for borrowers who want the safety and security of having a steady, predictable payment each month