Lock into a mortgage rate that never changes.
Fixed rate mortgages are among the most popular types of home loans for many reasons.
One key reason for this is that the interest rate is locked-in (i.e. fixed), so that your Principal and Interest mortgage payment never changes; it’s the same every month for the full term of your loan. A huge benefit is that even if mortgage rates go up, your payment stays the same; this can provide true peace of mind and a sense of security.
Fixed rate mortgages are generally available in 15-year or 30-year terms. However, you can secure a 10-, 20- or even 25- year fixed rate mortgage if that works better for you. While a 30-year loan will offer the lowest monthly payments, a shorter term will allow you to pay off your mortgage more quickly.
If you plan to stay in your home for several years and you’re most comfortable with predictable monthly payments, a fixed rate mortgage may be right for you! Contact a Great Western loan officer to learn more about fixed rate mortgages and other options that might suit your needs.
Great Western has been a trusted mortgage lender for 30 years. We’re proud to have helped so many Americans realize their dreams of home ownership. You can trust us to find the right mortgage for your needs at the best rate, then stay with you and guide you through the entire loan process.