Tag: fixed-rate loans

Comparing Fixed-Rate Loans: 30-Year vs 15-Year

March 15, 2022
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When trying to determine what mortgage is best, the biggest considerations are time and money. A 30-year mortgage is the usual choice for many homebuyers, but that doesn’t necessarily mean it is the right choice. A 30-year mortgage allows you to make smaller payments over a longer period of time....

Fixed-Rate Loans: What to Know Before Buying

February 21, 2022
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There are several mortgage loans options available for a home purchase, each with its own advantages and requirements. One of the most popular types of mortgages for homebuyers is a fixed-rate loan. What is a Fixed-Rate Loan? Mortgage loans are available with two main types of interest rates: fixed...

Fixed-Rate Mortgage VS Adjustable-Rate Mortgage (ARM)

February 7, 2022
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A mortgage on your home is a long-term investment, generally lasting anywhere from 15 to 30 years. All homeowners need to decide if they want to have a fixed rate of interest on that mortgage with steady and unchanging monthly payments or dip a toe into the complex world of an adjustable rate mortgage...

When Is It Worth It To Refinance?

February 6, 2022
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Mortgage refinancing entails repaying an old loan and replacing it with a new one. Homeowners remortgage for a variety of reasons: To get a lower rate of interest To reduce the duration of their mortgage To convert a variable-rate mortgage (ARM) to a fixed-rate mortgage (FRM),...

Mortgage Rates, Types and Terms – Three Things You Need to Know

August 31, 2021
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While there are several terms associated with the residential lending process, the mortgage rates type form the key components. These include the interest rate, the type of loan, and the term associated. Working with an experienced lender to determine how these three pieces fit together will determine...

The Basics of Fixed Rate Loans: What to Know Before You Buy

August 23, 2021
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Information About Fixed-Rate Loans

June 18, 2021
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Fixed-rate loans, financing options that do not vary over their term, are very popular with homeowners for several reasons. Unlike rent, which may be changed by your landlord with little notice, fixed-rate loans remove uncertainty about monthly housing expenses, as it is held constant over the life...