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30 YEAR FIXED
RATE MORTGAGE |
This is the loan most people
think of when they hear the term "fixed rate mortgage".
30 year fixed rate mortgages have long been the standard mortgage
in the US and as such many people immediately think of this
loan when shopping for a new home or even when it comes time
to refinance their current mortgage. Thirty year fixed rate
mortgages, as well, are typically more flexible in their lending
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| This means more finance
options are available to borrowers that may not qualify, based
on credit, for a lesser term (10, 15, or 20 years). lenders
with 30 year fixed mortgage loan options available to you. |
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A 30 year fixed rate mortgage also represents
payment stability. You make smaller payments over time (when
compared to a shorter term loan), however you will pay more
in total interest over the life of the loan, but not necessarily
a higher interest rate. 30 year fixed
rates are good when either the rates are very low or you
can buy down the rate (by paying "discount" points)
to actually save on your loan.
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If you are interested in
seeing other fixed rate options please see below:
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Min
Credit Score: