How long are typical fixed-rate mortgage terms?

Most fixed-rate mortgages come in 15-year or 30-year terms, but other options may be available depending on your goals. Shorter terms usually offer lower interest rates but higher monthly payments.

Is a fixed-rate mortgage right for me?

A fixed-rate mortgage is ideal if you plan to stay in your home long-term and prefer predictable monthly payments. It protects you from market rate increases and makes budgeting easier.

FIXED RATE MORTGAGE

Find Financial Stability with a Fixed Rate Mortgage

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What is a Fixed Rate Mortgage?

A fixed rate mortgage is the most popular loan program chosen by homeowners. If you are one of the many homeowners who desires a stable monthly interest rate and payment over the life of your loan, then a fixed rate could be the right loan for you, too.

30 Year Fixed*

The most popular mortgage loan program
A stable interest rate and reliable monthly payments over the life of your loan
Build equity over time and pay principal balance down faster whenever you choose

A 30-year fixed is a great option when you want peace of mind of stable monthly payments to reach your long-term financial goals.

15 Year Fixed*

Interest rates are typically lower than 30-year fixed*
A fixed rate loan that allows you to pay principal down faster than 30-year fixed*
Pay higher monthly payments in order to pay less in total interest over life of loan

A 15-year fixed* is a terrific option when you prefer a higher monthly payment in exchange for paying less in interest, want to pay your house off sooner, or when you have short-term plans for your home.

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What a Fixed Rate Mortgage Offers

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CERTAINTY

With a fixed rate loan, it doesn’t matter what is happening in the market. If interest rates begin fluctuating wildly, your rates will remain steady and sure. Nobody knows what the future holds, but with a fixed rate mortgage you can have the peace of mind that nothing will cause your rates and payments to rise.

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CONSISTENCY

Your financial planning is made easier when you know what your mortgage payments will look like for the next 15 or 30 years. Set and reach short-term and long-term financial goals by knowing your interest rates will never go up, and neither will your payments. With a fixed rate mortgage, your principal and interest payment is set in stone. While your property taxes and homeowner’s insurance may change throughout the years, your principal and interest payments will be reliable and consistent.

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CHOICE

Choose a fixed rate term that works for your financial goals. You have the freedom to select a 15-year or 30-year fixed rate loan*. In addition, you can pay your loan off faster whenever you would like. If you choose, you can make higher monthly payments and reduce the amount of time it will take to pay down your principal or pay off your mortgage before the end of your fixed term.

We’re here to help.

Our local mortgage experts can help you determine if a fixed mortgage is the right fit for you. With expertise advice and full transparency, our team can educate you and guide you on your home buying journey.

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LET'S CHAT

Frequently Asked Questions

Q: Why is the JJ Mack Team considered one of the best mortgage lenders in Roseville?

The JJ Mack Team is known for fast approvals, transparent communication, and a 5-star client experience. With over 106 verified 5-star Google reviews and deep expertise in the Roseville housing market, our team is trusted by both homebuyers and top real estate agents for delivering smooth, on-time closings.

Q: What types of home loans does the JJ Mack Team offer in Roseville?

We provide a wide range of mortgage options, including Conventional loans, FHA, VA, Jumbo, CalHFA first-time buyer programs, investment property loans, refinancing, and down payment assistance. We help you compare programs and find the best mortgage strategy for your financial goals.

Q: Does the JJ Mack Team serve areas outside of Roseville?

Yes. In addition to Roseville, we serve Rocklin, Lincoln, Loomis, Folsom, Granite Bay, Citrus Heights, Sacramento, Fair Oaks, El Dorado Hills, Antelope, Carmichael, and surrounding cities throughout Placer, Sacramento, and El Dorado counties.