Fixed rate mortgages allow you to keep the same interest rate for the entire life of your loan, and are available in term lengths of 10, 15, 20, 25, or 30 years. Longer loan repayment terms typically carry higher interest rates. Since your interest rate and principal payment will always stay the same, this program is ideal for clients who expect to stay in their home for an extended period of time or who want the security of a steady payment.
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