Fixed Rate Mortgages

Unisource Mortgage Services, Inc.

Protecting yourself from rising interest rates with a fixed-rate mortgage can be a great idea. The interest rate will never go up during the life of the loan. Plus, you can choose from a 10, 15, 20, 25, or 30-year term. People who choose shorter terms pay more each month, which means they build up more equity in their home more quickly.


Unisource has been a leading mortgage provider for over 25 years. Our fixed rate mortgages offer stability and predictability, making them the perfect choice for homeowners looking to lock in their interest rate and monthly payment amount. Whether you're buying your first home or refinancing your current one, our team of experts will work with you every step of the way to find the loan that best suits your needs.

Benefits of a Fixed Rate Mortgage

  • No unexpected rate increases
  • Typically lower fixed rates
  • Principal and Interest payment does not change
  • Less documentation required compared to FHA or VA loans

Frequently Asked Questions

  • How does a fixed-rate mortgage work?

    A fixed-rate mortgage is a type of home loan that has the same interest rate for the whole length of the loan. As a general rule, the interest rate on a mortgage won't change over the course of a loan. The borrower will pay the same amount of interest and principal each month.

  • What are the disadvantages of a fixed-rate mortgage?

    Some people don't like the idea of having a fixed-rate mortgage because the interest rate may be higher than with an adjustable-rate mortgage or with a simple interest-only loan. if interest rates stay the same or fall, that makes it a more expensive option.

  • Are fixed rates better?

    Fixed-rate loans are often more expensive up front, but their payments are more predictable because they do not fluctuate. This makes them a better choice for folks who want to stay in their new home for a long time, need budget stability, or both.

  • What does a 30 year fixed loan mean?

    A 30-year mortgage is a home loan that will be completely paid off in 30 years assuming all payments are made on time. The majority of 30-year mortgages have a fixed rate, which means that the interest rate and payments will remain constant for the duration of the loan.

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