Fixed Rate Mortgage

Fixed Rate Mortgage

Why choose a Fixed Rate mortgage?
The interest rate on a fixed rate mortgage does not change during the entire duration of the loan. The monthly payments remain constant throughout the life of the loan, to the very last month when the loan is finally paid off. This is the  most ordinary and uncomplicated mortgage available to homeowners today. The most common type of fixed-rate mortgage is the 30-year fixed, which amortizes over thirty years, with the majority of early payments going toward interest, and the bulk of later payments going toward principal. The next most popular term for a fixed mortgage is the 15-year fixed loan, which amortizes over fifteen years, bumping up monthly mortgage payments significantly, but reducing the amount of interest paid throughout the duration of the loan considerably. There are also fixed rate mortgage programs with 10 and 20 and 25 year terms, but they are less popular.
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!
Remember, with many types of mortgage options to choose from, it’s important you choose an experienced residential mortgage broker who is knowledgeable about the various, and sometimes complicated, loan programs available. Under the guidance of veteran broker Gary Cutler, Global Unity Mortgage puts their clients first by responding quickly to inquiries and going the extra mile to find the best lending program available for their specific needs and they have hundreds of satisfied clients throughout Connecticut to prove it. Call us today at 860-872-9479 or email us at for reliable mortgage assistance and fast pre-approvals. 
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!  

Getting started is easy. We offer very competitive rates, have great service, and always close on time.


Global Unity Mortgage
Broker NMLS #65392, MLO NMLS #114499, CT. LIC.#19449
"Mortgage Broker Only, not a Mortgage Lender or Correspondent Lender"

Equal Housing Lender

Contact Us

Global Unity Mortgage
71-1 Wilson Lane
Vernon, CT 06066

(860) 872-9479


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