It all depends on your situation. Before you decide, take a look at the top reasons for getting a fixed-rate mortgage over a variable rate option.
Fixed-rates give you greater confidence that you can make your mortgage payments since they are predictable. Economic shifts have no impact whatsoever on how much you pay.
With a fixed-rate home loan, the interest rate on your loan remains the same for an agreed period -- the most common of which are 30, 20, and 15 years.
Since your interest rates remain the same over time, a fixed-rate mortgage allows you to budget the rest of your finances.
For information purposes only. This is not an offer for extension of credit or a commitment to lend. Information and/or dates are subject to change without notice. | Financing is shown for comparison only. Rates and fees are subject to change without notice. | All loans are subject to borrower's credit approval and property qualification. Additional funds for reserves may be required. | Xpert Home Lending, Inc. | NMLS# 2179191 | CORPORATE: 1100 Satellite BLVD NW, Suwanee, GA 30024 | (417) 540-4858 | Equal Housing Opportunity | www.nmlsconsumeraccess.org
