Fixed-Rate Mortgages

Interested in the predictability of a fixed-rate mortgage?

With a fixed-rate mortgage (FRM) loan, the interest rate and your mortgage monthly payments remain fixed, or unchanged, for the entire loan period, and the interest rate is determined when 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 fluctuates along with interest rate movements.

Fixed-rate mortgages are available for 30, 25, 20, 15, and 10 years. Generally, the shorter the loan term, 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. However, 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. This puts you in control of your financial future.

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

Ready to get started?

Apply Now

Loan Calculator

Mortgage News

Staying Healthy at the Office

Happy Groundhog Day from all of us here at Vermont Mortgage Company! We hope you are all hunkered down and warm for the long winter. Like us, many of you probably spend long hours at the office. Sitting in front of a computer screen for 8 hours a day, 5 days a week...

Childproof Your Home

Happy Monday from the Vermont Mortgage Company! Last week we shared some tips on how to keep your credit information safe. This week we'll be discussing how to keep something much more important safe. That, of course, is your child. Making sure to childproof your home...

Protect Your Identity – Helpful Tips to Protect you

It seems we all know someone who has had their identity stolen. What a terrible feeling of invasion. We all work really hard and to have someone take it away and destroy it in minutes it something we need to protect. At Vermont Mortgage Company we take privacy very...