A Conventional Fixed-Rate Mortgage is a type of home loan in which the interest rate remains constant throughout the entire repayment period. The borrower’s monthly payments, which consist of both principal and interest, remain the same for the life of the loan, offering predictability and stability.
This mortgage option is best suited for borrowers who prefer consistent payments and plan to stay in their home for an extended period. It is also ideal for those with a stable income and who can afford the initial down payment, typically between 5-20% of the property’s value. We offer terms of 30, 20, 15, and 10 Years.