1-800-793-9633 contactus@emmloans.com Login About Us Resources Loan Options Locations Loan Servicing Careers Contact Us Knowledge Hub Video: Learn About Fixed Rate Mortgages What Is A Fixed Rate Mortgage? As its name implies, a fixed rate mortgage is one where the interest rate on your home loan remains the same throughout its duration. This differs from a loan where the interest rate may change over time, such as an adjustable rate mortgage. Fixed rate mortgages are the most popular form of home loan in the United States largely due to the appeal of a consistent mortgage payment amount over the life of the loan. In many instances, fixed rate mortgages have higher mortgage payments than adjustable rate mortgages. This is most often because the interest rate remains unchanged for the duration of the loan. Typically, loans with longer terms will have a higher interest rate than loans with shorter terms due to interest rate risk, or the possibility of fluctuating interest rates. Get Pre-Qualified For A Fixed Rate Mortgage With flexible options, program expertise, and superior service, we’ll work with you from application to close to ensure a smooth loan process and create a loan program that meets your financial needs and goals. Get started today. Fixed Rate Mortgage Benefits The biggest benefit of a fixed rate mortgage is the fact that the interest rate does not change over time. This allows you to budget your finances and make a consistent, fixed payment over the duration of your loan. Fixed rate mortgages allow you to lock in an interest rate and principal payment for the entire life of your loan. Your rate and principal payment never increase, even if the market changes – giving you peace of mind. Other benefits include: Competitive interest rates Locked interest rate for the life of your loan Easier-to-understand loan terms and paperwork Personalized Help The Loan Officer will also explain all the steps–from getting started, to locking in your low rate, to closing your loan Because we are a direct lender, if you have any questions during the loan process, you will have one direct number enabling you to get quick answers straight from the source. Apply Now BBB Rating: A+ As of 2021 Click for Profile Proud member of Apply Now Home Calculate Your Mortgage Loan Options Contact Us To view legal disclosures and important notices, please click the following: NMLS Consumer Access | Privacy Policy | Privacy Notice (CA Residents) | State Licensing © 2021 EMM Loans LLC. All Rights Reserved. | NMLS# 2926 This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.