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    Georgia fixed rate mortgage

    What is a Fixed-Rate Mortgage?

    Fixed-rate mortgages are probably the most common type of mortgage. You are able to lock into a set interest rate which results in monthly mortgage payments that remain the same for the entire life of the loan.

    A fixed-rate mortgage (FRM) is a type of mortgage with a specific rate term. A fixed-rate mortgage has a fixed interest rate for the entire length of the mortgage term. These mortgages are typically available in 5 year increments between 10 and 30 year terms. The 30-year fixed rate mortgage is the most common type of mortgage people take out.

    Advantages to Fixed-Rate Mortgages

    Having a Fixed-Rate Mortgage helps most individuals establish their long term financial budgeting and savings goals more effectively. By having a mortgage rate that’s fixed for the duration of the loan, borrowers can typically project their overall household expenses more consistently from month to month.

    Questions? Contact Leonard Mortgage Group Today!
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    (866) 970-0566 22 Sales Barn Road
    Carollton, Georgia 30116 NMLS# 397237
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    X Leonard Mortgage Group

    If you have any immediate questions or concerns don't hesitate to give us a call @ (866) 970-0566

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