Options for Fixed Loans
- 30-year
- 20-year
- 15-year
- 10-year
This loan option is a good choice if you feel more comfortable that your principal payments and interests cannot change. The interest rates for the 10, 15 and 20 years are fully amortized over a period of time and must have constant monthly payments.
In comparison with the 30-years fixed loan option, you get to own your home much faster but you must take note that on these shorter terms, you must pay a higher monthly payment.
