30 Year Fixed Mortgage:

Need a 30 year fixed mortgage?  Well, look no further.  We offer low home mortgages everyday on the 30 year fixed mortgage and other loan programs as well.

Advantage of a 30 year fixed mortgage

First all, your mortgage payment on the 30 year fixed mortgage  is lower than if you choose a 5, 7, 10, 15, or even 20 year payment.  Your payment on the 30 year fixed mortgage is amortized over a period of 30 years which lowers your monthly mortgage payment.  Secondly, you are holding the interest rate constant or the same for the next 30 years.  You don’t have to worry about how much is my payment going to increase when interest rates rise.  Will I be able to afford my payment.  On the 30 year fixed mortgage, you don’t have any of these worries.

Thirdly, you can always pay down your principal balance as much or as little whenever you want. For example, let’s assume this month you have some extra income and you would like to apply it towards your balance.  No problem.  You can write a check to your mortgage lien holder and any amount above and beyond your normal payment will pay down your principal balance.  Now let’s assume next month, you don’t have any additional funds to pay down your principal balance.  Well, no problem.  As long as you pay your regular monthly mortgage payment, that’s all they care about.  A lot of people will go with the 20 year fixed mortgage because the rate is lower and they want to pay off their mortgage balance early.  Then, out of the blue they are faced with an unexpected bills.  As a result, it maybe hard to make your mortgage payment which is now a higher payment then if you had chosen the 30 year fixed mortgage.

What other loan products do we offer?

We offer everything.  Jumbo, FHA, VA, Conventional, Reverse Mortgages, USDA, Harp, and Fannie Mae Homepath, and Interest only loan products.

For more information, please call our office directly at 602-358-8717.


Article 1:  30 Year Fixed