One E. Broward Blvd. Suite 1503 Ft. Lauderdale, FL 33301
110 E Atlantic Avenue Delray Beach, FL  33444
Fixed Rate Mortgages (FRM)

With fixed rate mortgage (FRM) loan the interest rate and your mortgage
monthly payments remain fixed for the period of the loan. Fixed-rate
mortgages are available for 30, 25, 20, 15 years and 10 years. Generally, the
shorter the term of a loan, the lower the interest rate you could get.

The most popular mortgage terms are 30 and 15 years. With the traditional
30-year fixed rate mortgage your monthly payments are lower than they
would be on a shorter term loan. But if you can afford higher monthly
payments a 15-year fixed-rate mortgage allows you to repay your loan
twice as faster and save more than half the total interest costs of a 30-year
loan