The fixed price mortgage is considered the most typical and well-known option, most likely since it’s been with us the longest.

GThe fixed price mortgage is considered the most typical and well-known option, most likely since it’s been with us the longest.

Fixed Rate Of Interest Mortgage

If the price is “fixed” this means that it’ll never ever alter within the life of the mortgage. Therefore, unless you decide to refinance your home sooner at a different rate if you lock into a fixed rate of 5% today, it’ll be the same in 20 or 30 years. Continue reading