Welcome to the Avi Mortgage Team's comprehensive guide on fixed-rate mortgages. As dedicated mortgage professional serving Orlando, Pensacola, Kissimmee, Winter Garden and surrounding areas in Florida, South Carolina, and Georgia, we're here to help you understand one of the most popular and stable home financing options available. If you're asking, "what is a fixed-rate mortgage" or searching for "current fixed mortgage rates in 2025," this guide provides clear answers. Fixed- rate mortgages offer predictability in a fluctuating market, making them ideal for long-term homeowners. For personalized rates or pre-approval, contact Avi Bastajian at (850) 473-0070.
What is a Fixed-Rate Mortgage?
A fixed-rate mortgage is a home loan where the interest rate remains constant throughout the entire term of the loan, providing consistent monthly payments for principal and interest. Unlike adjustable-rate mortgages (ARMs), which can fluctuate based on market conditions, fixed-rate loans lock in your rate at closing, shielding you from rising interest rates.
Common terms include:
-30-Year Fixed-Rate Mortgage: The most popular option, offering lower monthly payments spread over three decades.
-15-Year Fixed-Rate Mortgage: Shorter term with high monthly payments but lower overall interest costs.
-20-Year of 10-Year Fixed: Less common but great for faster payoff and equity building.
Fixed-rate mortgages are available for conventional, FHA, VA, and USDA loans, making them versatile for first-time buyers, veterans, or refinancers. They require standard qualifications like good credit, stable income, and a down payment (as low as 3% for some programs).
When Should You Choose a Fixed-Rate Mortgage?
opt for a fixed-rate mortgage if you plan to stay in our hone long-term (7+ years) and want payment stability.
They're especially popular in markets like Orlando and Pensacola, where home values are appreciating, allowing borrowers to lock in affordable rates. If rates drop significantly, you can always refinance-something our team can guide you through.
Why Choose Avi Mortgage Team for Your Fixed-Rate Mortgage?
With over 24 years of experience and top rankings in customer satisfaction, Avi Mortgage Team specializes in fixed-rate mortgages tailored to your needs. Serving Orlando, Pensacola, and beyond, we offer VA, FHA, conventional, and more with quick closings and personalized service. Ready to apply? Visit our contact page or explore mortgage loans. Let's secure your dream home today! (850) 473-0070