We’ll have a look at what benefits there are to a fixed rate mortgage for you.
We’ll then look at using a mortgage overpayment calculator.
Security comes with the fixed rate mortgage, whereas huge savings can come with the overpayment calculator.

There are a few different types of mortgage, the fixed rate mortgage being only one of them.
You get a fixed interest period for several years.
Locked in interest rates mean locked in monthly payments.

Are there any benefits to a fixed rate mortgage?
Your payment is fixed because your particular interest rate is fixed.
It’s a lot easier to plan financially knowing your payment will be the same.

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