Fixed Rate Mortgage
Your interest rate is locked in for the full length of your mortgage term.
Enjoy the stability and peace of mind that come with fixed mortgage payments
When you choose a fixed rate mortgage from MCAP, you don’t need to worry about interest rates for the full length of your mortgage term. That’s because your interest rate is locked-in – or “fixed” – so your mortgage payments are guaranteed to stay the same throughout your term.
Many homebuyers choose a fixed rate mortgage for the security of knowing that payments won’t change, regardless of what happens in the economy. Just because your payments are fixed, however, doesn’t mean you don’t have flexibility in your mortgage. Flexible payment options are available, and you have lump sum pre-payment and payment increase privileges that can help you pay down your mortgage faster.