About Fixed-Rate Mortgages

Fixed-rate mortgages protect you against rising rates since the interest rate remains the same for the entire term of the loan. Plus, you have the flexibility of selecting a 10, 15, 20, 25 or 30-year term (depending on the loan type). The main difference is the lower term options have higher monthly payments, which also means you are building home equity faster.

Keep in mind you can use equity as a down payment for a new home if you sell your existing home or take out equity with a cash-out refinance. If you plan on staying in your home for a longer time frame, then a fixed-rate mortgage could be the right solution for you.

Fixed-Rate Mortgage Eligibility

Elaborate on the eligibility for fixed-rate mortgages here

Benefits of a Fixed-Rate Mortgage

  • Consistent monthly payments and interest rates
  • Protection from rising interest rates
  • Mortgage tax interest deduction*
  • Different term length options

*This does not constitute tax advice. Please consult a tax advisor regarding your specific situation.

More About Fixed-Rate Mortgages

To learn more about fixed-rate mortgages and see if this is the best option for you, please see the frequently asked questions below.

Any of the loan experts at Fairway Mortgage company will be happy to walk you through the application process for a fixed-rate mortgage, just contact us today!


Request an appointment with our loan experts to get started with Fairway Independent Mortgage Corporation today.