What are Fixed Rate, Fully Amortizing Mortgage Loans?

When financing a mortgage over a set term, with a rate that does not change, the combined total for the principal & interest payment will remain the same from begining to end. If you plan to stay in your home for the long term, a consistent payment that never changes can help you prepare for your financial future. Plan your budget with a consistent mortgage payment at a low rate that will stay the same through the life of your loan.

How it Works

  • Monthly payments are based on interest rate, principal loan amount, and amortized interest over "X" years. With a Fixed Rate Mortgage, your interest rate will never change, even if market rates increase!

  • Every month the amount that goes toward the principal "P" (what goes to you that you'll eventually get back when it comes time to sell) get's larger while the portion of the payment that goes toward interest "I" get's equally smaller. The total of the two "P&I" is the same required minimum payment from start to finish.

Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

What are your goals?

For information purposes only | This is not a commitment to lend or extend credit | Information and/or dates are subject to change without notice | All loans are subject to credit approval by E Mortgage Capital NMLS UNIQUE IDENTIFIER # 1416824 | | Equal Housing Lender | David M Schweickert III NMLS UNIQUE IDENTIFIER 834967 | California Real Estate Services provided by David M Schweickert III California Real Estate Broker License 01382395

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