Fixed Rate Loans

A Fixed Rate Loan provides security that the rate and associated financing costs will not change during the life of the loan.

At Mortgage Planning Group, we offer a variety of Fixed Rates Loans, including interest only loans and fully amortizing loans. Our Fixed Rate Loan programs offer terms from 10 to 40 years.

Who is a Fixed Rate Loan for?

Rates have gone up and down over the years and locking in a low fixed rate could provide the lowest cost over the life of the loan. The fixed rate also provides a peace of mind that future payments will not increase if interest rates go up.

Conditions that may accompany the use of this loan :

• Consistent and dependable income
• Comfort paying a slightly higher interest rate in exchange for stability of a fixed monthly payment
• Plans to stay in a new home and keep your mortgage longer than 7 years