Fixed Rate Loans:
An excellent way to lock into a low interest rate for the life of your loan
30 Year Fixed:
•Plan to live in the property over 10 years
•Like total payment stability
•Interest rate & monthly payment remain the same for 30 years
15 Year Fixed:
•Plan on staying in property over 10-15 years
•Want to pay off property faster than 30 years
•Lower interest rate than 30 year loan
•Interest rate & monthly payment remain the same for 15 years