FixedRateOnly.com

Every Mortgage should be A Fixed Rate Mortgage

Please consult with  your attorney and/or family accountant prior to entering into any major legal contract, including that of a home mortgage.  While we at FixedRateMortgage.com strongly advocate a FixedRateMortgage, we are well aware of other types of mortgages as well as the option to not enter into any mortage contract.

Mortgage Notepad

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 5 Reasons Why to Consider a Fixed Rate Mortgage.

 1.  The rate is locked in with no surprises ahead.

 2.  Rates are still near historic lows, and it is time to lock one in

       for a long period of times.

 3.  Your home is often your #1 investment.  Make it #1 by getting   

       some equity

 4.  Although the rate is fixed for a certain duration, there is

       flexibility within fixed rate loans such as a 10, 20, 30, or even   

      40 year term loan.

 5.  A paid off  loan makes sense when you ultimately retire on a

       fixed income

Quick Explanations of  the Major Type of  Mortgages

Adjustable

An Adjustable Rate Mortgage (ARM)  is mortgage where the interest rate varies during the life of the loan.

Fixed Rate Mortgage (The Choice of FixedRateOnly.com)

A fixed rate mortgage is a mortgage where the interest rate remains the same, "or fixed" throughout the time period of the loan.

Interest Only

An interest only loan starts out as a loan where at first you only pay a set interest rate w/no principal .

This loan ultimately reverts to an adjustable rate loan.

FixedRateOnly offers Practical Advice for those entering a mortgage.