Fixed rate mortgages

Fixed-rate loans are beneficial for a number of reasons, though the fact that your mortgage payment will never change is clearly paramount.  Fixed rate mortgages do not change and they are not tied to an index, unlike adjustable rate mortgages.  Fixed-rate mortgages allow for repayment of a debt in equal monthly mortgage payments over a specified period of time, from 10 to 50 years.  Fixed rate mortgage loans are also available that take 30 years, 20 years, 15 years, or 10 years to pay off.  Fixed rate mortgage loans that take a shorter period of time to pay off have a higher monthly payment than fixed rate mortgage loans that take a longer period to pay off.

fixed rate mortgages