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Fixed Rate Mortgage LoansA fixed rate mortgage offers an interest rate that stays the same for the term of the loan. This means the principal and interest payments on your loan will stay the same until your loan is paid off. If you have a tax and insurance escrow account with your mortgage loan the escrow portion of your payment may fluctuate based on property taxes and homeowners insurance. There are no prepayment penalties with our fixed rate loans. Currently Cincinnatus offers fixed rate mortgages for any term up to 30 years, with competitive closing costs. |