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Fixed Rate Mortgage

What is a Fixed-Rate Mortgage?

A fixed-rate mortgage is a home loan that has a predetermined and unchanging or “fixed” interest rate for the entire term of the loan.

Features that simplify owning your home

  • You’ll know the rate when the loan is originated. Having a fixed monthly payment, rather than one that would fluctuate based on interest rates, makes budgeting easier over the life the loan.
  • It’s easy to assess fixed rate mortgage offers by comparing rates.
  • Suited to people who plan to stay in their home for a long time.

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