15 & 30-Year Fixed Rate
- Do you plan to stay in your home for more than 5-7 years?
- Do you prefer a consistent mortgage payment for budget planning?
- Do you find peace of mind from a payment that never changes?
If you answered yes to these questions, then a Fixed Rate Mortgage could be right for you!
What is a fixed rate mortgage?
A 15 or 30-year fixed rate mortgage is a loan meant for homeowners who plan to live in their home for many years. Many people prefer this type of loan because the interest rate stays the same for the duration of the loan.
A fixed mortgage offers a predictable monthly payment that will not be affected by inflation because the rate is not tied to the index, so it doesn’t fluctuate. It is relatively simple, and allows you to plan your monthly budget around this regular payment. A fixed rate mortgage also provides a tax deduction from the interest you pay on your mortgage, and if rates drop significantly, you can refinance.
If you don’t like surprises and desire a predictable, fixed monthly payment, then you might be well-suited for a fixed rate mortgage.
For more information about a fixed rate mortgage, please feel free to contact us or call: 888.927.3256.
Allied Mortgage Direct serves NY, NJ, NH, DE, MD, PA and DC.