Home Purchase LoanFixed-Rate Mortgage

Home Purchase Loan
Fixed-Rate Mortgage

Stable Payments: Fixed interest rate remains the same throughout the life of the loan, providing predictable monthly payments.
Flexible Terms: Available in various term lengths, typically 15, 20, or 30 years.
Simple Budgeting: No surprises with interest rate changes, making it easier to budget for your mortgage payments.
Wide Availability: Offered by most lenders, providing a broad range of options and competitive rates.
Ideal for Long-Term Ownership: Perfect for homeowners who plan to stay in their property for many years.
Potentially Lower Rates: Often comes with lower interest rates compared to adjustable-rate mortgages.
No Prepayment Penalties: Pay off your mortgage early without facing additional fees or penalties.
Standard Qualification Requirements: Generally requires a good credit score and stable income.