You’re in this business for the long-term, and although not everything is predictable, your future loan payments can be. A fixed rate mortgage allows you to lock in a fixed interest rate for the full amortization period for up to 25 years.
The Fixed rate mortgage is offered with amortizations from 1 to 25 years. The client can select fixed rate financing for the entire amortization period. This feature eliminates interest rate volatility risk for the entire repayment period. This predictability in payment stability is unmatched in the financial industry today. If interest rates decline over time the client can benefit from the lower rate at 5-year intervals; interest rates are capped on the up side, so the rate can only go down, not up.
This product comes with significant flexibility, tailored to fit the individual cash flow of your business. Repayment can be weekly, biweekly, monthly, semi-annual, or annual. In some cases, interest-only payments apply and skips can be arranged in advance.