FIXED RATE MORTGAGE
Find Financial Stability with a Fixed Rate Mortgage
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.
What a Fixed Rate Mortgage Offers
CERTAINTY
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.
CHOICE
We’re here to help.
Our local mortgage experts can help you determine if a fixed mortgage is the right fit for you. With clear guidance, honest communication, and full transparency, we take the time to walk you through your options so you feel confident every step of the way. From your first questions to closing day, our team is here to support you throughout your home buying journey.
Fixed-Rate Mortgage FAQs
Q: What is a fixed-rate mortgage?
A fixed-rate mortgage is a home loan where the interest rate stays the same for the entire term, providing consistent monthly payments and long-term stability for homeowners.
Q: 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.
Q: 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.
Q: Fixed-rate vs. adjustable-rate — which should I choose?
A fixed-rate mortgage keeps your rate the same for the life of the loan, while an adjustable-rate mortgage often starts lower but can change over time. Fixed-rate loans suit buyers who value predictability and plan to stay put, while an ARM may fit buyers who expect to move or refinance within a few years. A local lender can compare both for your situation.
Q: Can I get a fixed-rate mortgage in Roseville, Rocklin, or Loomis?
Yes. The JJ Mack Team offers fixed-rate mortgages to homebuyers throughout Roseville, Rocklin, Loomis, and the greater Placer County and Sacramento area. We’ll help you compare terms and lock in a competitive rate that fits your budget.