- This option offers you fixed interest rates for the whole mortgage loan term.
- The monthly payments and the interests are fixed; therefore, there are no surprises.
- It is a great choice for customers who have fixed income.
- It is the recommended choice for customers who intend to keep the property for a long time.
- Offers the chance to borrow money on a long-term basis without having to worry about the interest rates or payments changing.
- Higher interest bill increases the amount consumers can deduct at tax time, potentially reducing or eliminating their federal income tax liabilities.