Fixed Rate Mortgage Loans

Fixed rate mortgage loans are still the most common mortgage loans for a simple but important reason—stability! The interest rate on your mortgage loan remains set throughout the entire loan period, which can range from 15, 20, or 30 years. Although there is a sense of security with a fixed-rate mortgage loan, you can potentially end up paying a lot of money towards your mortgage interest. This is why in the last few years there has been a trend towards adjustable rate mortgages (ARMs) such as Option ARMs.

This trend not only involves primary mortgages, but also families who have acquired a second mortgage through refinancing. Many people taking a first mortgage opt for an ARM loan. Make sure to contact First Atlantic to find out if a fixed rate mortgage is right for you, or apply now for a Fixed Rate Mortgage Loan to check out our great rates for yourself.