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.
Disclaimer: Loan amounts and terms are based on individual qualifications and may vary by credit score, income documentation, and other eligibility factors. AFM Lending is committed to finding solutions that fit your unique financial profile. Contact us to confirm program details and see if you qualify. This post is not a commitment to lend.
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