Yearly Fixed Rate Loan
What is a Fixed Rate Loan?
If you’re looking for monthly mortgage payments that stay the same throughout the life of the loan, yearly fixed rate mortgages are a great choice.
30/20/15/10-Year Fixed Rate Loans
- Refinance up to 95% of your primary home’s value
- Purchase a home with as little as 5% down (primary residence)
- Monthly payments based on interest rate, principal loan amount, and amortized interest over 30 years (payments on loans may include taxes, insurance and mortgage insurance)
- Your principal and interest payment will not change for the span of the loan
- Pay off your mortgage at any time without any pre-payment penalties