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Take a moment to learn more about the Fixed Rate Mortgage.
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Protection against rising rates and payments
  • This will enable you to have peace of mind knowing your mortgage rate and payment will never change, regardless of how high interest rates may ever rise.
  • A fixed mortgage payment makes it easier to budget your finances.

Fixed Rate Mortgage - How it works

  • Your interest rate will never increase over the life of your fixed rate loan.
  • Your monthly mortgage payment will never increase.
  • This mortgage allows you to refinance at any time with absolutely no pre-payment penalties.
  • With the 40-year or 50-year mortgage, your term is 30 years and the loan is amortized over 40 or 50 years.  After 30 years, the remaining balance on the loan is due in full. Actual balance due after 30 years will vary depending on how much additional principle has been applied to your loan.

Make the decision that fits your needs

  • The traditional 30-year fixed-rate mortgage is a great choice for people who plan on living in their home for more than 7 years.
  • The enhanced 40-year mortgage gives you an even lower payment than a 30-year fixed term.
  • The creative 50-year amortization gives even more cash flow freedom.
  • Remember you can always get a 10- or 15-year fixed rate loan to pay off your home sooner and pay less interest over the life of the loan.

Who fits in this situation?

  • Anyone with a long-term fixed income.
  • People who want to avoid risk of rising rates and payments.
  • Homeowners who plan on owning thier homes for 7 years or more.

Vic and Dave make it Fast, Easy and Simple

  • Save time. No long forms to fill out.
  • Expert advice. We are a mortgage broker. We find the right loan for you and shop the rates for you.
  • Fast. Our 24 hour approval will enable you to react quickly to your situation.
  • Convenient. We will come to your home, business, or wherever necessary to take care of our clients.

Victor Bals and Jim Lasota can help you sort through more than 100 different brokers and programs options to find the fixed rate mortgage that will best suit your short and long term financial needs and lifestyle.


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