A loan with the same interest rate and payment for the life of the loan
When you lock in the interest rate for a fixed rate loan, you’ll have the same rate and monthly payment for the loan’s full term.
The main benefit is that you always know what your housing costs are, which takes out the guesswork when planning ahead.
When you lock in the interest rate for a fixed rate loan, you’ll have the same rate and monthly payment for the loan’s full term.
The main benefit is that you always know what your housing costs are, which takes out the guesswork when planning ahead.
