If your goal is long term security and you intend to keep you home for 10yrs or longer you may want to consider a fixed rate mortgage.  With a fixed rate loan program you never have to worry about your monthly payment changing. Your interest rate and loan payment is fixed for the life of your loan. Integrity First Financial Group offers a variety of fixed rate terms ranging from 10 to 40 years.

Advantages

• Monthly payments won't change
• Interest rate fixed
• Protected if rates go up
• Can refinance if rates go down

Disadvantages

• Higher interest rate
• Higher mortgage payments
• Rate does not drop if interest rates improve