Fixed Rate Loans allow borrowers to easily predict their monthly mortgage costs because the rate is locked at the origination of the loan. This allows borrowers to budget from month to month easily.
Avoid surprising rate hikes. With fixed rates, this loan gives borrowers certainty around their monthly mortgage payment.
Since the term and payment are fixed, Fixed Rate Loans are straightforward and easy to understand.
You can rest easy that your monthly payment is the same each month.
Because of the straightforward nature of fixed rate mortgages, you can easily compare mortgage options from lender to lender.
Stanford Mortgage provides you with the tools you need to make the right borrowing decisions. These calculators will give you a basic idea of how key values are determined throughout the mortgage process. Try to ensure the information you enter is as accurate as possible. Always contact one of our Mortgage Advisors for an accurate quote that is best suited for your specific needs.
Together, we’ll find great mortgage solutions.
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