What's Your Property Worth?

Find Out Now!

Houston fixed rate mortgage

What is a Fixed-Rate Mortgage?

Fixed-rate mortgages are probably the most common type of mortgage. You are able to lock into a set interest rate which results in monthly mortgage payments that remain the same for the entire life of the loan.

A fixed-rate mortgage (FRM) is a type of mortgage with a specific rate term. A fixed-rate mortgage has a fixed interest rate for the entire length of the mortgage term. These mortgages are typically available in 5 year increments between 10 and 30 year terms. The 30-year fixed rate mortgage is the most common type of mortgage people take out.

Advantages to Fixed-Rate Mortgages

Having a Fixed-Rate Mortgage helps most individuals establish their long term financial budgeting and savings goals more effectively. By having a mortgage rate that’s fixed for the duration of the loan, borrowers can typically project their overall household expenses more consistently from month to month.

Questions? Contact FIRST STEP MORTGAGE Today!

Mortgage Questions? We Can Help!

Contact Us Today!
X

Get in Touch

Contact FIRST STEP MORTGAGE

FIRST STEP MORTGAGE

7070 Knights Ct, Suite 402
Missouri City, Texas 77459
(832) 212-6693
NMLS# 1898998

Send an Email

X FIRST STEP MORTGAGE

If you have any immediate questions or concerns don't hesitate to give us a call @ (832) 212-6693

0%

I agree to the following terms & conditions

I hereby certify that the information given in my submission is complete and correct and is given for the purpose of potentially obtaining a mortgage loan and/or financial services applied for.