If you want to make lower monthly payments and plan to stay in your home for a long time, a Fixed Rate Loan could be the ideal option for you.
The Fixed Rate Loan option is also great for people who want the option to pay more than the required amount at any time – and the predictability of a fixed interest rate.
F5 Mortgage can help you get a Fixed Rate Loan with terms anywhere from 8-years up to the standard 30-year option. These are great choices for those who want a consistent payment where the principal and interest portion of the payment won’t ever change for the duration of the loan. With Fixed Rate Loans, you’ll make the same monthly payment over 30 years.
Want to pay the loan off more quickly to save on interest? You can make additional payments against your principal balance at any time without penalty.