And now, without further ado, is the classic home loan, the fixed-rate mortgage. Both the interest rate and payment remain the same over the term (the length) of the loan. Loans can be amortized over a period of 10 to 40 years. For lower monthly payments, you can request to have a 40 year loan! Up to 125% loan-to-value loan amounts are available for refinances!

A fixed rate mortgage may be just what you are looking for if you like the idea of stability. It can be a lot easier to budget your money when you know your mortgage interest rate isn't going to change every year.

• Need the biggest tax break available? Stick with a 30 40 year term.
• Kids headed for college in the next decade or so? Perhaps a 15 year term would suit you better?
• Offers a fixed rate over the life of the loan with fixed payments of principal and interest
• No payment shock, as with an ARM
• No prepayment penalty
• Maximum financing to 100% for purchases
• Second homes with only 5% down (95% LTV refinance)
• Investment properties with only 10% down (95% LTV refinance)

Alternatively, you may be interested in paying your loan off early, but as painlessly as possible. If you want to ease into homeownership check into our temporary buy down or ARM options. 

• Compare a fixed mortgage to an ARM
• Find Out About the 8 Deadly Home Buying Mistakes
• Explore other Loan Types
• Learn about Credit Scores
• Determine if you want to be pre-qualified or pre-approved
• Visit Mortgage Forums to ask mortgage related questions
• Learn about the Tax Advantages of Home Ownership
• Submit a Loan Application