Fixed-Rate Loan

Take the guesswork out of your monthly rate.

A fixed-rate loan is a common refinance option for homeowners seeking to part ways with the unpredictability of an adjustable-rate mortgage (ARM).

With a fixed-rate refinance loan, your interest rate stays the same throughout the life of the loan. The loan payment also doesn’t change.

If you plan to stay in your home for a long time, or you just like the comfort of knowing that your rate won’t change, a fixed-rate loan might be the way to refinance.


  • Predictable. You know exactly how much interest you’ll pay over the life of the loan.
  • Peace of mind. The rate won’t change, and neither will your monthly payments.


  • Fixed rates are typically higher than initial rates for adjustable-rate mortgages (ARMs).
  • If rates drop below what you’re paying on your loan, you won’t be able to take advantage of the lower rate unless you refinance again.


Interested in this loan?