TMG The Mortgage Group (Ontario) Inc.
Mortgages Explained - Fixed Rate Mortgages
MORTGAGES EXPLAINED - FIXED RATE MORTGAGES
Looking for a predictable and stable monthly payment for your mortgage? Consider a Fixed-rate Mortgage.
Lock in a fixed interest rate and enjoy peace of mind with a Fixed-rate Mortgage with Steve Futyer, your local mortgage broker in Waterloo, Cambridge and Kitchener.
What is a Fixed-rate Mortgage?
A Fixed-rate Mortgage is a type of home loan where the interest rate remains constant throughout the entire term of the loan. This means that your monthly payment will never change, providing stability and predictability. Fixed-rate Mortgages are typically available in terms ranging from 10 to 30 years.
Benefits of a Fixed-rate Mortgage
One of the main benefits of a Fixed-rate Mortgage is the predictability of your monthly payment. This makes budgeting and financial planning easier, as you will always know exactly what your mortgage payment will be. Additionally, if interest rates rise, your mortgage payment will remain the same, providing protection against inflation.
Is a Fixed-rate Mortgage right for you?
If you value stability and predictability in your monthly budget, a Fixed-rate Mortgage may be the right choice for you. This type of mortgage is ideal for those who plan to stay in their home for a long period of time and want to avoid the risk of rising interest rates. However, if you anticipate selling your home or refinancing in the near future, a Fixed-rate Mortgage may not be the best option for you.
Get started today and apply for a Fixed-rate Mortgage with our easy online application.