Fixed-Rate Mortgage

A fixed-rate mortgage has an interest rate that doesn't change for the life of the loan. Monthly payments are predictable from day one through the final payment. Fixed rates are typically higher at origination than adjustable-rate alternatives, in exchange for the certainty.

The two most common terms are 30 years and 15 years:

• 30-year fixed: lower monthly payment, more total interest paid over time, faster cash flow. The U.S. standard.
• 15-year fixed: higher monthly payment, significantly less total interest, faster equity build. Better for borrowers prioritizing payoff over cash flow.

Fixed-rate mortgages dominate U.S. residential lending because they remove interest-rate risk from the borrower over decades.

Why it matters for Milo customers

Milo's crypto-backed mortgages are typically structured as 30-year fixed loans for payment predictability, with 15-year options available on select programs. Your monthly payment stays fixed for the loan's life regardless of how your Bitcoin or Ethereum collateral fluctuates — meaning your housing budget is decoupled from crypto market volatility.

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