Fixed Rate Mortgages
America’s Mortgage Resource, serving Louisiana and Missippi.
Lock In a Low Fixed Rate for Years to Come
Are you interested in a mortgage that will make it easier for you to budget for the future? America’s Mortgage Resource with offices in Metairie, New Orleans & Baton Rouge, LA offers great rates on fixed rate mortgages, making the amount of every loan payment predictable for the term of the loan.
Fixed rates are simple to easy understand. Like their name implies, fixed rates remained fixed throughout the lifetime of the loan. This means that the interest rate is guaranteed to remain at a constant specific rate. Each month, the amount of the principal balance being paid will vary, while the payment remains the same. The initial payments will largely go towards paying the interest on the loan, while the later payments will cover more of the principal balance.