Fixed-rate mortages
- Lock in an interest rate for the life of the mortgagee
- Interest rate won’t fluctuate with market conditions
- Equal monthly loan payments - no balloon payments
- No pre-payment penalties
The rate you pay depends on your circumstances and mortgage amount, and
may differ from the Representative APR. This means you're not
guaranteed to get the rate you see in the mortgae calculator.
What you’ll need to provide with your fixed-rate mortgage application
Your address information for the past 3 years
A copy of your driver’s license or state-issued photo ID
Your monthly income and expenses
Proof of employment for the past five years
If you plan on adding co-applicants, make sure you have these
documents for them as well