Fixed-Rate Mortgages
Ensuring stable principal and interest payments, fixed-rate mortgages are a great option for qualified buyers.
Overview of Fixed Rate Mortgages
Fixed Rate Mortgages offer borrowers the advantage of stability and predictability. With this type of mortgage, you can anticipate consistent monthly payments, providing a sense of financial security and peace of mind. The key feature of a fixed-rate mortgage is that the interest rate remains constant for the entire loan term.
FAQs
Where can I see current mortgage rates?
Connect with a local mortgage loan officer to learn more about our competitive rates.
Should I get a loan pre-approval?
What documentation is required for a mortgage loan?
What is the minimum down payment needed when buying a primary residence, second home, or investment property?
What costs and fees are typically included as part of a mortgage?
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Disclosures
For example purposes, a home worth $625,000 obtaining a 30-year fixed-rate mortgage with 20% down at a note rate of 7.50% and an APR of 7.526% would have a monthly Principal and Interest payment of $3,496.07.