Loan Programs

Fixed-Rate Mortgages

Fixed-Rate mortgages are an appealing option to customers looking to reside in their home for years to come. There is no fluctuation in monthly payments for the entire term of the mortgage. Whether a fixed rate mortgage is the right choice for you hinges on primarily two different factors: The interest rate environment and trend at the time of your loan origination, as well as the duration of your loan.

Generally speaking, if interest rates are moderately low but on an upward trend, it would be advantageous to choose a fixed rate mortgage.

If your goal is to keep a property for a prolonged period of time, we suggest a 30 year term so that you may be able to minimize your monthly payment and free up your liabilities for room in other financing.

Alternatively, if your aim is to reduce the amount of interest paid as much as possible, a shorter 15 year term might fit your needs.

  • 30 Year Fixed
  • 20 Year Fixed
  • 15 Year Fixed

* Early/Pre-Payment Penalty *

Victoria Financial Corp does not have any prepayment penalty; HOWEVER, fees may occur if you decide to pay off in full or close your loan before 6 months depending on the lender. Please check with our office for details.