MOST POPULAR
Fixed Rate Mortgage
Your interest rate is locked in for the entire life of the loan - you payment (principal & interest) never changes, no matter what the market does.
Stability & Predictability
Common Terms
15 or 30 yr
Also available in 10 & 20 yr
Down payment
3-20%+
Varies by loan type
Rate changes
Never
Fixed for life of loan
Best for
Long-term
Buyers staying 7+ years
WHY BUYERS LOVE IT
Payment (principal & interest) never changes - easy to budget month to month
Protection from rising interest rates over time
Simple to understand - no surprises down the road
30-year option keeps monthly payment lower
THINGS TO CONSIDER
Starting rate us typically higher than an ARM
If rates drop significantly, you'd need to refinance to benefit
Ideal for: Buyers planning to stay in their home long-term, those who want financial stability, and anyone who values knowing exactly what their mortgage payment will be every month.
Settle down in your new home without a loan you had to settle for
MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER
Aisha Barbosa NMLS # 2401636 | LMP Financial NMLS # 2754084
Licensed in Massachusetts and Rhode Island
