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Max. Rate: 12% p.a.
incl Cedi Mortgages
Repayment Period
Up to 30 years
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Fixed Rate Mortgages

Fixed rate mortgages (FRM) are generally the most popular for those looking to buy or refinance a home. This is due to the security that fixed home loan rates provide, ensuring consistent monthly payments, without worry or hassle about changing interest rates. If you are planning to own your home for several years or more, a fixed rate home loan may be your best option.

 

Why get a fixed rate home loan?

• Certainty & peace of mind

• Get the security of a mortgage interest rate and payments that won't change

• Makes budgeting easier

• Put as little down as 5% (or No Down Payment - 100% residential owner-occupiers)

 

Fixed Rate Loan Options Comparison

The higher the years for a fixed rate loan, the lower the monthly payment. Alternatively, the lower the number of years for a fixed rate loan, the greater the interest savings over the life of the loan.

 

 

BENEFITS

There are a number of clear pros of a fixed rate mortgage, including…

• The interest rate you pay will stay the same for the duration of the fixed rate term, no matter what happens to interest rates.

• You can choose how long the interest stays the same by choosing a five-year, ten-year, twenty-year, and even a thirty-year fixed term.

• Knowing how much your mortgage is going to cost you for a set period of time can offer both security and peace of mind. Because of this, fixed term mortgages can be a particularly good idea for first-time buyers or landlords using buy-to-let mortgages for a new property with, as yet, unknown associated costs.

• Because interest is calculated on the total sum outstanding, you end up paying the most interest at the beginning of your mortgage. By fixing the interest rate, you could make big savings with the right deal.


 

Related Pages

No Upfront Fees

No Closing Cost Mortgages

Eligibility Requirements

Affordability Check

MORTGAGES ARE SECURED AGAINST YOUR PROPERTY. YOUR HOME (OR COMMERCIAL PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT - REPAYMENT ASSISTANCE PROGRAMME AVAILABLE FOR QUALIFIED CUSTOMERS. ALL APPLICATIONS ARE SUBJECT TO STATUS AND OUR LENDING CRITERIA - THIS MEANS THAT THE AMOUNT WE WILL LEND YOU WILL DEPEND ON YOUR INDIVIDUAL CIRCUMSTANCES, THE TYPE OF PROPERTY AND THE AMOUNT YOU BORROW.

We are Non-Deposit Taking No Upfront Fee Direct Lenders (not brokers). Using this digital-first platform constitutes acceptance of the terms, conditions and rules that govern our operations, so if you disagree with any of them in part or in whole, please don't use our services. All loanable funds are private patient capital from dedicated sustainable and reliable sources and not sourced funds from the general public. We're Fully-Compliant: Our home mortgages are structured as Seller-Financed Mortgages (SFM), or International Mortgages or Rent-to-Buy Mortgages, which do not require Bank of Ghana (BoG) regulation. Commercial Mortgages are also not regulated by the BoG. Prospective mortgage applicants are not restricted to buy a home from our internal partners DCANS Properties or Rent to Buy Ghana or any of our in-house home providers.

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