Say hello to regular payments and goodbye to rate fluctuations. A fixed-rate mortgage provides the comfort of consistency as you pursue your dream home.
A fixed-rate mortgage isn’t the only way to achieve your dream home:
Work with our experts to choose a repayment period that’s right for you:
A fixed-rate mortgage is a type of residential loan that keeps your interest rate the same during the entire repayment period.
A fixed-rate mortgage is a type of residential loan that keeps your interest rate the same during the entire repayment period.
Your interest rate doesn’t change with a fixed-rate mortgage. In contrast, interest rates change with the market for variable-rate mortgages.
Yes, you can refinance a fixed-rate mortgage! Refinancing can be a great way to snag lower rates or adjust the repayment term to make your monthly payments even more manageable.
No, the only way a fixed-rate mortgage would change is if you decide to refinance. Otherwise, you can enjoy the peace-of-mind that comes with a steady interest rate that won’t change with the market.
Check out our rates page for the most recent information.
That depends! If you’re all about stability and predictability, a fixed-rate mortgage can be your best pal. Chat with your Needham Bank experts so we can help you figure out what type of mortgage is best for you.
Needham Bank is proud to partner with MassHousing to make homeownership more accessible across Massachusetts. Through this partnership, we offer reduced closing costs and flexible financing options for qualified buyers — including first-time homebuyers.
Contact us to learn more, visit our webpage for details, or explore additional resources at MassHousing.com
MassHousing programs have specific eligibility requirements and may not be available to all applicants, properties, or loan types.
Wondering what your monthly payment might look like with a fixed-rate mortgage? Use our handy calculators to estimate your hypothetical Annual Percentage Rate (APR) based on your unique situation.
We’re not just your bank. We’re your neighbors, and we’re committed to serving you with the same steadfast community values we were founded on. Let’s conquer your finances together.
