Fixed-Rate Mortgages

Interested in the predictability of a fixed-rate mortgage?

home-03With a fixed-rate mortgage (FRM) loan, the interest rate and your mortgage monthly payments remain fixed, or unchanged, for the entire period of the loan, and the interest rate is determined at the time the mortgage is originated. A fixed-rate mortgage can offer you peace of mind as a homeowner, as you’ll avoid the changing loan payment amounts that come with an adjustable rate mortgage, which fluctuate along with interest rates movements.

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 can get.

The most popular fixed-rate mortgage terms are 30 and 15 years. With a traditional 30-year fixed-rate mortgage in Vermont, 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 fast and save more than half the total interest costs of a 30-year loan.

Let us help you decide if a fixed-rate mortgage is for you. Contact us today!


Vermont Mortgage Company

135 College Street
Suite 2
Burlington, Vermont 05401

Directions »

Mortgage News & Helpful Tips

Why Lenders Care About Large Deposits

Greetings from the Vermont Mortgage Company! Today, we are going to dive into something that can be both good and bad – Sufficient funds for buying a house. Specifically, where said money has come from. As important as it is to have the appropriate funds you also need...

read more

Dropping in Value – What Can Depreciate Your Home

The Vermont Mortgage Company team hopes you are enjoying your week on this fine Friday. As always, we want to show how much we appreciate you. This week, we are showing our appreciation by showing you what can depreciate your home! You may not know it, but there are...

read more