Fixed-rate mortgages
One rate, one principal-and-interest payment, for the whole term. The default choice for most homeowners, and the right one more often than not.
Who it's for
Anyone who values certainty, plans to stay a while, or simply doesn't want to think about their mortgage rate again. That's most people.
How it works
The interest rate is locked for the life of the loan. Your principal-and-interest payment is the same in year 30 as in year one. Taxes and insurance still change, which is why your total payment moves a little, but the loan itself doesn't.
What to know
30 versus 15. A 15-year loan has a lower rate and builds equity fast, but the payment is much higher. A 30-year loan with extra principal payments gives you most of the benefit with an escape hatch if money gets tight. I lean toward flexibility, but it depends on your numbers and your discipline.
Fixed doesn't mean forever. You can refinance if rates drop, recast if you get a windfall, or pay it off early with no penalty on any loan I offer.
Points are a decision, not a given. Paying discount points lowers the rate. Whether that's worth it depends on how long you'll keep the loan. I'll show you the break-even so you can decide.
Want to talk it through?
Thirty minutes on video. No application, no obligation, and no cost, now or later.