Fixed Rate Loans
A fixed rate loan, as you would expect, is a loan that charges a fixed interest rate for the entirety of its duration. Fixed rate loans provide the advantage of complete stability and predictability. With a fixed rate loan, you can calculate exactly how much you will be paying over any given time interval within the duration of your loan. If you expect to own a property for the foreseeable future, and if interest rates are currently on the low end, then a fixed rate loan is likely what you’re looking for.