A fixed rate mortgage is when your interest rate and monthly payments will remain the same for the entire life of your loan, which means your mortgage expenses are more easily anticipated and easier to budget for.
The payments remain level for the life of the loan and are structured to repay the loan at the end of the loan term. During the early amortization period, a large percentage of the monthly payment is used for paying the interest. As the loan is paid down, more of the monthly payment is applied to principal.
Also, a very important benefit, fixed rate loans allow you to avoid the risk of rising interest rates.

Fixed rate mortgages are offered in a variety of terms: 30, 20 and 15 years being the most common.

Types of Fixed Rate mortgages:

  • 10 year term
  • 15 year term
  • 20 year term
  • 25 year term
  • 30 year term

The 10 and 15 year term usually has an interest rate of about 1/2 point lower than the 20 and 30 year term.

D. Mitrovic
D. MitrovicMission Viejo, CA Read More
“Anthony is absolutely the best. We have refinanced 6 homes with different brokers. Anthony was the most DIRECT, TRANSPARENT and PROFESSIONAL BROKER we have ever had! If you are looking for someone you can trust Anthony is your guy! We will be doing more business with him in the future. Thank you Anthony!”
S. Carlock
S. CarlockPalo Cedro, CA Read More
“Nick was THE BEST! He was very KNOWLEDGEABLE and helped me understand every step of the process. My refinance was QUICK, EASY and STRESS FREE. I’m so glad I finally made the call. He saved me almost $800 a month on my mortgage. Thank you Nick!”
Dani H.
Dani H.Riverside, CA Read More
“Nick was recommended to us by our realtor and we couldn’t have asked for a better experience! He was EXTREMELY RESPONSIVE, KNOWLEDGEABLE and HELPFUL. Nick worked his butt off so we wouldn’t have to. He proved this experience doesn’t have to be hard or stressful. I would highly recommend Nick for your purchase or refinance of your home.”
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