Fixed-Rate Mortgage. The principal that is monthly interest re payments stay exactly the same…

Fixed-Rate Mortgage. The principal that is monthly interest re payments stay exactly the same…

The month-to-month principal and interest re re payments remain exactly the same through the entire lifetime of the mortgage, your payment per month would just alter because of home fees or insurance.

  • 10, 15, 20, or 30 12 months terms available

Useful if you:

  • Intend to stay static in your house for ten years or higher
  • Desire a repayment that doesn’t alter
  • Want your interest to stay exactly the same

Adjustable-Rate Mortgage (ARM)

Your payments that are monthly start out reduced initially and can alter based on exactly just what term you decided on. Continue reading “Fixed-Rate Mortgage. The principal that is monthly interest re payments stay exactly the same…”