FIXED RATE MORTGAGES
A consistent payment for the life of the loan.
Consistent Mortgage Payments
Benefits of a Fixed Rate Mortgages
The benefit of fixed rate mortgages is that whatever your rate, your minimum monthly payment will remain consistent for the lifetime of the loan which is extremely helpful when budgeting. If you plan to stay in your home for the long term, sleep tight knowing you will have the stability of a consistent payment that never changes with a fixed rate mortgage.
Plan your budget with a consistent mortgage payment at a low rate that will stay the same through the life of your loan. While the rate is fixed, you can always refinance your mortgage to take advantage of attractive rates the come as a result of market fluctuations.
So while you’re locked in with a fixed rate mortgage, refinancing is always an option which could help you save money on your monthly payment.
HOW FIXED RATE MORTGAGES WORK
Monthly payments based on interest rate, principal loan amount, and amortized interest over 30 years
Your payment will not change throughout the life of the loan
Your actual payment will vary based on your situation and the current interest rates when you apply
Pay your mortgage off at any time without pre-payment penalties
- Refinance up to 95% of your primary home’s value
- Buy a home with as little as 5% down (primary home)
- Loan amounts from $25,000 to $2,000,000
Got questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!
Your first step in getting preapproved for your mortgage is to speak with one of the mortgage experts at Omega Lending Group. Our team will be able to guide you through the entire process to make sure your preapproval goes through as smooth as possible.