If you plan on owning your home for a while, then you should lock into a great rate with Spencer. Our fixed rate mortgages are structured so interest rates and monthly payments remain constant throughout the life of the loan. You'll have the security of knowing that your interest and monthly payments will never increase.

With a Spencer fixed-rate mortgage, you have two options for saving. You can lock into a long term and have lower monthly payments, or you could lock into a shorter term and save thousands of dollars in interest because your loan will be paid off faster. The choice is yours, but either way, you'll save money with Spencer.

A fixed rate with Spencer Savings means:
• Fixed interest rate for the life of the loan
• Security in knowing your interest rate will not increase
• Smart choice if you are planning to stay in your home 10+ years