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Home fixed rate mortgage loan

The home fixed rate mortgage loan has a rate that stays the same for your entire home mortgage loan term.

Fixed rate mortgages are fantastic. A fixed rate will make your cost of borrowing constant. And that's a fine thing.

Having a constant borrowing cost from a fixed rate can give you peace of mind while becoming a home or multi-residential real estate owner. Constant borrowing costs can make your monthly home mortgage loan payments regular, just like rent payments. They can also help you sit back and relax, while you make cash from renting out home or multi-residential real estate.

Fixated on getting debt consolidation? A fixed rate can make your home mortgage loan payments regular, just like credit card or loan payments.

Forging into equity take out? A fixed rate will give you cash from your home or multi-residential real estate without worry of inconstant borrowing costs.

Finally ready for a line of credit? A fixed rate mortgage will get you a line of credit at a constant cost, which isn't always possible with bank lines of credit.

Fill out the home mortgage application and get this mortgage loan now!

Learn about the payments, amortization, terms and down payments for home fixed rate mortgage loans

Payments for fixed rate mortgages

If you use an institutional lender, you can pay this type of mortgage loan off with:

• Constant payments

If you use a private lender, you can pay this type of mortgage loan off with:

• Interest only payments
• Straight-line principal reduction payments
• Constant payments

Amortization for fixed rate mortgages

The amortizations you can get for a fixed rate mortgage loan can be anywhere from 5 years to 25 years, whether you're using an institutional or private lender. 25 years is the most common amortization length if you're using an institutional lender.

Terms for fixed rate mortgage loans

Using an institutional lender? Then for this mortgage loan type, you can get these terms:

• Short terms (6 months to 5 years) - with a 5 year term length being the most common
• Long terms (6 years to 18 years)

Using a private lender? Then for this mortgage loan type, you can get these terms:

• Short terms (6 months to 5 years)
• Long terms (6 years to 18 years)

Down payments for fixed rate mortgages

For a fixed rate mortgage loan, you can make the following down payments, whether you use institutional or private lenders:

• Down payments 5%-25% of your real estate's value
• Down payments 25%-95% of your real estate's value
• No down payment (0% down)

Pssst! Need to know what some of these mortgage loan terms mean? View the mortgage glossary.

If you would like to learn more about fixed rate mortgage loans, simply contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

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