Fixed Rate Mortgages

Fixed Rate Mortgages are the most popular form of mortgage, one that allows you to lock in an interest rate for the term of your loan.  Fixed rate fully amortizing loans have two distinct features. First, the interest rate remains fixed for the life of the loan. Secondly, the payments remain level for the life of the loan and are structured to repay the loan at the end of the loan term. The most common fixed rate loans are 15-year and 30-year mortgages.

The key advantage of a Fixed Rate Mortgage is that it will allow you to budget the exact monthly cost of your mortgage for a pre-determined period of time. It is certainly an advantage to know what your mortgage will cost - and more importantly, that the cost will not increase to a level that will put financial pressure on you.

Loan Features

• Fixed interest rate for the life of the loan
• Fixed monthly payments
• Protection against rising interest payments
• Shorter fixed rate period options available
• Available for owner-occupied, vacation home, and 1 - 4 unit investment properties

Our Fixed Rate Mortgage is a great option if you're buying while rates are particularly low and plan to stay in your new home for longer than seven years.