Americans are misled by myths that tell them it is safer to pursue loan programs that lock in rates for long periods of time. At IPL, we understand that there is a place for every loan product available, and that there are many ways to achieving wealth via real estate investments, however, most of the time a fixed rate is not beneficial to a borrower.

There are Americans that will in fact stay in their homes for 30 years, pay off their mortgage, and take advantage of their long term fixed rate. However, we try to educate our clients on the reality that the average life of a loan is around 3 years and most Americans move every 5 years. Therefore, borrowers that are open minded to the reality of change, save money by going with shorter loan terms that give them lower rates and smaller payments. They escape the higher interest rate that banks charge for the comfort of a longer term.