Fixed Rate Loans are a Good Choice if You: Like the new rate and want to keep it for the life of your loan. Plan to stay in your house a long time. Prefer the security of a fixed principal / interest payment over one that changes periodically   30 Year Fixed Rate Home Loan Lowest monthly payment of the fixed rate loan choices Keeps home loan payments affordable by extending them over a long period of time Provides maximum tax-deductible interest (Consult your tax advisor)   20 Year Fixed Rate Home Loan Helps you pay off your home faster and build equity quicker than 30 year home loan Has a lower interest rate than a 30 year loan (But higher monthly payments) Saves considerable money on total interest paid over the life of your loan   15 Year Fixed Rate Home Loan Has higher payments than a 30 year or 20 year home loan, but a lower interest rate Saves considerable money on total interest paid over the life of your loan Builds equity in your home faster.   Want to further explore fixed rate home loans? Contact Us!