Fixed rate mortgages offer one of the best solutions for home buyers anticipating to live in their home for many years. A fixed-rate ensures that the interest rate and monthly principal and interest payment will not change for the entire term of the loan. They offer a variable repayment terms - 15 and 30 years are the most common.

The longer term of a 30-year mortgage gives you the ability to keep your monthly payments low and use the extra cash for other purposes. A 15-year mortgage has a higher monthly payment obligation. The shorter 15-year term is perfect for the investment-minded buyer who wants to build equity fast and save a significant amount of interest over the life of the loan.

Many fixed rate mortgage plans are available to serve a variety of needs for the home buyer. To discuss your options, please contact a DKMC Mortgage Planner for complete details.