What is a Fixed-Rate Mortgage?
A fixed-rate mortgage is a home loan with an interest rate that stays the same for the entire term. This makes monthly payments consistent and predictable.
How a Fixed-Rate Mortgage Works
The interest rate is locked in when the loan is originated. Payments are split into principal and interest, but the overall monthly amount remains unchanged.
Benefits of a Fixed-Rate Mortgage
Fixed-rate loans give borrowers long-term stability. They are ideal for buyers who plan to stay in their homes for many years.
Capstone for Mortgage Education and Mortgage Training Classes
Capstone Institute equips students to explain loan products like fixed-rate mortgages with confidence. Our mortgage training classes focus on clarity and real-world application.