Fixed Rate Mortgage
If you’re looking for a monthly mortgage payment that doesn’t fluctuate, providing you with stability in your budget, choose a fixed-rate mortgage.
What is a Fixed-Rate Mortgage?
A fixed-rate mortgage carries a set interest rate for the lifetime of the loan, and the rate will not be impacted by market fluctuations. Your monthly mortgage payment will always remain the same, making budgeting easy.
How Does a Fixed-Rate Mortgage Work?
You’ll pay back both principal (a portion of the amount you borrowed) plus interest each month based on an amortization formula and payment schedule. If you make all of your payments according to the schedule, the loan will be paid off at the end of the term, and you’ll own the home free and clear.
How Long Does a Fixed-Rate Mortgage Last?
Fixed-rate mortgages can run anywhere from 10 to 30 years. The typical increments are 10, 15, 20, and 30 years (30 years is the most popular choice, followed by 15 years). Borrowers who opt for a 15-year term typically receive a lower interest rate, can save tens of thousands of dollars over the life of the loan, and pay off the debt in half the time.
Types of Fixed-Rate Mortgage Loans
- FHA Loan
- VA Loan
- USDA Loan
- Jumbo Loan
- Conventional Loan
Here’s Why We Do What We Do
We would like to thank Jeff Aguilera for the time and knowledge he provided my wife and I with a very smooth transition in the purchasing of our house. Our real estate agent Emily suggested we go with Jeff and he did not disappoint. So thank you very much, again Jeff. It was a true pleasure working with you.
Why Right Start Is the Right Choice
We take the time to get to know you and your goals, then help you every step of the way.
Easy Loan Process
Close your loan in five easy steps—from finding out how much you can borrow to signing the final documents.
Family Owned & Operated
We take a personalized approach with every client and have built a loyal ‘fans for life’ following.
Experts Since 1989
With 30+ years of experience, we know what we’re doing, and we believe in transparency, trust, and excellent customer service.
Get to Know Us
We’re a family-owned and operated company with a solid team of qualified and enthusiastic mortgage specialists committed to personalized, individual service for each client. We educate, communicate, and are transparent about the loan process to make the experience as smooth as possible.
Other Rate Options
A fixed-rate mortgage keeps the same interest rate throughout the life of the loan (i.e., 15 or 30 years).
The interest rate adjusts to current market rates during set periods throughout the life of the loan.
A borrower pays only the interest rate for a certain loan term period, typically for the first few years.
Monthly payments start at a set amount and gradually increase over the life of the loan.