A fixed-rate mortgage is one where the interest rate and payments remain the same throughout the life of the loan. This type of mortgage is ideal for people who prefer not to worry about rising and falling interest rates or who plan to stay in their home for many years.
With a fixed-rate mortgage, the shorter the term (number of years until payoff), the higher your monthly payment. However, you will end up paying significantly less interest over the life of the loan.
A Bronco Fixed Rate Mortgage offers you:
Must maintain adequate insurance. 5% penalty for late payments. Interest rate is determined by credit score. See a Real Estate Loan Specialist or contact us at 757.569.6000 for more details. Membership eligibility required.
Fixed Rate Mortgage