800-641-1715
To learn more about fixed-rate mortgages ...
Contact FNE Online or call one of our experienced mortgage originators today at
Contact FNE Online or call one of our experienced mortgage originators today at
800-641-1715
To join the conversation about fixed rate vs. adjustable rate loans, go to the FNE Mortgage Blog and be sure to comment on the mortgage lending discussions there.
Fixed rate loans give you peace of mind
even when the financial world is upset.
Ask yourself this basic question - Will I be in the home for several - five or more - years?
IF YOUR ANSWER IS YES: then fixed rate mortgage products are probably the home financing solution you need.
IF YOUR ANSWER IS YES: then fixed rate mortgage products are probably the home financing solution you need.
Fixed Rate loans are the simplest mortgages we offer. You lock in the rate, close the loan, and pay off the loan. In the first few years of the loan, more of your monthly payment goes to paying off the loan’s interest. Conversely, over the last years of the loan, more of each monthly payment is applied to the principal. That’s why this is the home mortgage product for the long term. While considering a fixed rate loan product, you should know about these concepts:
- Fixed Loan Rates ~
- Fixed Loan Terms ~
- Fixed Loan Closing Costs ~
- Fixed Loan Accelerated Payments ~
Fixed Rate Loans come in two basic term lengths; 30-year and 15-year terms. Fixed rate mortgages can be written for shorter lengths as well (20-year term is popular now as well) - to learn more about Custom Fixed Rate terms, contact FNE online or by calling to speak with one of our loan originators today 800-641-1715.
IF YOUR ANSWER WAS NO: then you should explore other types of loans that allow you the freedom to own your home and minimize your long term commitments.
Use this link to find out more about Adjustable Mortgages.
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