Your Guide To Fixed-Rate Home Loan Benefits
It all depends on your situation. Before you decide, take a look at the top reasons for getting a fixed-rate mortgage over a variable rate option.
Fixed-rates give you greater confidence that you can make your mortgage payments since they are predictable. Economic shifts have no impact whatsoever on how much you pay.
With a fixed-rate home loan, the interest rate on your loan remains the same for an agreed period -- the most common of which are 30, 20, and 15 years.
Since your interest rates remain the same over time, a fixed-rate mortgage allows you to budget the rest of your finances.
This is not a commitment to lend. Loan approval is subject to credit, underwriting, and property approval. Rates and terms subject to change without notice. Additional conditions and restrictions may apply. Contact us for details.
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