Fixed Rate Mortgage
Just as the name implies, a fixed rate simply means the interest rate remains the same for the life of the loan. This is the most common type of home loan in Wisconsin. A fixed rate mortgage offers the security of knowing your interest rate and monthly payments will not skyrocket over time. Stampfli Mortgage offers competitive interest rates without any hidden fees.
The 15 year and the 30 year fixed rate mortgages are the most popular options, but we also offer 10, 20, or 25 year options. These mortgages are also known as conventional or conforming home loans. Your mortgage advisor at Stampfli Mortgage can help you decide which option is best for you.
Benefits of a Fixed Rate Mortgage:
- Your interest rate cannot go up throughout the life of the loan.
- Your monthly principal and interest payment stays the same.
- You can refinance your loan if interest rates go down.