Fixed-Rate Mortgages: Stability and Predictable Payments

A Fixed Rate Mortgage (FRM) is a home loan where the interest rate remains constant throughout the entire term of the loan, providing stability and predictability for borrowers.

With a Fixed Rate Mortgage, the interest rate is set at the beginning of the loan term and remains unchanged, regardless of fluctuations in the broader market interest rates. This allows borrowers to lock in a consistent monthly payment over the life of the loan.

Fixed Rate Mortgages offer stability and predictability, making budgeting easier for homeowners. With a fixed interest rate, borrowers are protected from potential increases in monthly payments due to rising interest rates.

Ameritrust-Mortgage offers Fixed Rate Mortgages to a wide range of borrowers, including first-time homebuyers, repeat buyers, and those looking to refinance their existing mortgages. Eligibility criteria typically include factors such as credit history, income, and debt-to-income ratio.

Ameritrust-Mortgage offers Fixed Rate Mortgages with various loan terms, including 15-year, 20-year, and 30-year options. Borrowers can choose the term that best fits their financial goals and budget.

Ameritrust-Mortgage does not impose prepayment penalties on Fixed Rate Mortgages. Borrowers have the flexibility to pay off their mortgage early or make additional principal payments without incurring extra fees.

Yes, Ameritrust-Mortgage offers rate lock options for Fixed Rate Mortgages, allowing borrowers to secure their interest rate for a specified period. This protects borrowers from potential interest rate increases during the loan processing period.

To apply for a Fixed Rate Mortgage with Ameritrust-Mortgage, simply contact our team of mortgage specialists or visit our website to start the application process. Our experts will guide you through the entire process and help you find the right mortgage solution for your needs.