Fixed-rate mortgages are beneficial for a number of reasons, though the fact that your mortgage payment will never change is clearly paramount. Fixed rate mortgage borrowers won’t need to worry too much about where the market is headed either, though it’s wise to monitor interest rates in case a sizable interest rate drop makes it favorable to refinance. Put simply, the fixed rate mortgage is a good choice for the borrower that actually wants to pay off their mortgage, and plans to stay in the home (and with the mortgage) for the foreseeable future, plus, fixed rate mortgages are a good choice for a wide range of borrowers because of the relative low risk and lack of surprise.
With fixed mortgage rates at historic lows, there couldn’t be a better time to obtain one for the long term!
Our rates even beat the Quick and Guaranteed lenders!
At Global Unity Mortgage…your business means the world to us!!!
Serving Manchester CT, Vernon CT, West Hartford, Hartford, Glastonbury, Simsbury, Canton, East Haddam, South Windsor, Essex, Wethersfield, Westport and all other towns in CT!