30 Year Fixed Rate Mortgages
- posted 6.14.2016
- Nicole Johnson
- Home Loans
If you are looking to buy or refinance a home but are concerned about interest rates rising over the duration of your mortgage, a 30 Year Fixed Rate Mortgage might be the best fit for you and your family. One of the most popular types of mortgages is a 30 Year Fixed Rate Mortgage, which offers homeowners the security of a fixed monthly payment and an interest rate that will never increase.
Some of the benefits to a 30 Year Fixed Rate Loan include:
- A Feeling of Security: A 30 Year Fixed Rate Loan means you always have the security in knowing your monthly mortgage payments will never increase.
- Consistent Monthly Payments: Knowing exactly how much you are spending each month over the duration of a 30 Year Fixed Rate Loans allows you to accurately budget for your monthly expenses.
- Protection From Inflation: A 30 Year Fixed Rate Mortgage gives you the added sense of security that no matter what happens 10, 15, 20, or more years down the road, your interest rate and payment will never increase.
Your home should represent a sense of security, not a source of added stress and frustration. A licensed mortgage lender specialist can work with you to help you find the right fixed rate mortgage to meet your needs, whether it's a 30 Year Fixed Rate Loan, a 15 Year Fixed Rate Loan, Jumbo Mortgage, or an Interest Only Mortgage.