Fixed Rate Mortgage
Consistent rate. Predictable payments.
Fixed Rate Mortgages provide long-term stability with a consistent interest rate and predictable monthly payments, ideal for homeowners who plan to stay in their home for many years.


Fixed Rate Mortgage
features
Fixed Rate Mortgage
Benefits
Enjoy peace of mind knowing your interest rate and monthly payments won’t change, even if market rates rise.
Locking in a low interest rate can result in significant savings over the life of the loan, especially in a low-rate environment.
With predictable payments, you can plan your finances with confidence, making it easier to manage other expenses.
If you plan to stay in your home for many years, a fixed-rate mortgage provides stability and predictability.
FAQs
From application to closing, the fixed rate mortgage process usually takes 30 to 45 days. The timeline can vary based on how quickly you provide documents, how busy the lender is, and the appraisal results. Staying organized can help prevent delays.
For a fixed rate mortgage, typical documents include pay stubs, W-2s or tax returns, bank statements, and a form of identification. If you’re self-employed, you may also need business tax returns and profit-and-loss statements. Having these documents ready can help the process move faster.
Yes, you’ll usually need an appraisal for a fixed rate mortgage. Most lenders require an appraisal before approving your loan to confirm the home’s value and ensure the property is worth at least the amount you’re borrowing. This protects both you and the lender from overpaying.
Most borrowers are eligible for a fixed rate mortgage if they meet basic credit, income, and debt-to-income requirements. Lenders also consider your employment history and down payment amount. Your exact eligibility depends on your financial profile.
A fixed rate mortgage works by keeping the same interest rate for the entire loan term. This makes your principal and interest payments predictable, which can help with long-term budgeting. Many first-time buyers choose a fixed rate mortgage for stability and peace of mind.
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