Fixed Rate
Unsure if a fixed rate mortgage is the right mortgage product for you? Contact us to learn more!
Quick Information About Fixed Rate Mortgages
- Risk adverse
- Guaranteed rate for (X) many year (6 months, 1,2,3,4,5,6,7,10 years)
- Higher rate than variable
- Set monthly payments
- Can typically pay 10-25% more per month and an additional 10-25% per year without penalty
- Penalty either 3 months interest or IRD to pay mortgage in full early

JoAnne Purcell, AMP