With a fixed-rate mortgage, you are protected from unexpected and possibly significant raises in monthly payments if interest rates increase.
A fixed-rate mortgage is easy to understand, and the terms vary little from lender to lender.
Standard terms for fixed-rate mortgages are 15 years and 30 years. You will also have the option of 10, 20, and 25-year terms.
Since your interest rate does not change, your monthly mortgage payment does not change either. A fixed-rate mortgage removes the risk of being required to make a higher mortgage payment throughout the loan.