A longer fixed-rate home loan tends to offer more financial flexibility for those with monthly budgets in mind. This is a great option for those who plan to stay in their homes for a long time.
A shorter fixed-rate home loan typically means lower interest rates but higher monthly payments. You should consider a faster pay-off plan if your finances allow.
A mortgage expert will review and provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.