A fixed-rate mortgage means your mortgage interest rate – and your total monthly payment of principal and interest – will stay the same for the entire term of the loan. This offers you consistency that can help make it easier for you to set a budget.

With a 30-year fixed-rate loan, payments are low and steady, leaving you with that peace-of-mind feeling that there won’t be any surprises hitting your budget as you’re moving into your new vacation pad! It’s a great option if you’re looking for a loan amount ranging from $25,000 to $2,000,000.