Fixed Rate Mortgage
Low interest rates on Fixed Rate Mortgages make now a good time to secure a consistent payment. This stability can be advantageous for long-term financial planning. 15-year mortgages offer potential interest savings but higher monthly payments, while 30-year mortgages provide lower monthly payments but more interest paid over the loan's duration. Choose based on your financial goals and budget.
Why choose a fixed rate mortgage?
If you intend to stay in this home for a long time, a fixed rate and help you plan long-term.
Stable Monthly Payments
Long-term Financial Planning
Low Interest Rates
Interest Savings
Financial Security
Ideal for First Time Home Buyers
Refinancing Options
Peace of Mind in Market Fluctuations
The 15-Year Mortgage:
Consider the 15-year mortgage for a shorter path to homeownership and substantial interest savings. If you borrow $100,000 at a 4% interest rate, opting for a 15-year mortgage means paying less in interest over the loan's duration. Despite a slightly higher monthly payment, the accelerated payoff timeline means you'll be mortgage-free in half the time, a significant achievement.
The 30-Year Mortgage:
For those seeking lower monthly payments and increased flexibility in their budget, the 30-year mortgage is a popular choice. While it may result in paying more interest over the life of the loan, the extended repayment period allows for a more manageable monthly financial commitment. This option is especially beneficial for individuals with tight monthly budgets.
Secure Your Future with MPS Mortgage
At MPS Mortgage, we understand that your home is more than a place; it's a key component of your financial journey. Explore our Fixed Rate Mortgages to benefit from low interest rates, consistent payments, and a clear path toward homeownership. Get your quote today and take the first step towards a stable and secure financial future. Learn more about the advantages of Fixed Rate Mortgages and let us be your trusted partner in achieving your homeownership goals.
