The interest rate on this agreement never changes for as long as you hold your mortgage. It offers the comfort of steady payments. Fixed rates are available in a number of different terms.
Longer Fixed Ideal for:
- Those who plan to own a home for a long time.
- Those who want the comfort of steady payments.
- Those who have set incomes.
- Those who want low monthly payments.
Shorter Fixed Terms Ideal for:
- Those who want rate consistency.
- Those who can afford slightly higher payments.
- Those who want to reduce interest costs.
- Those who plan to keep the loan 7 years or more.
- Those with set incomes.