Get a FREE quote on a short-term fixed rate mortgage option & save thousands of dollars per year.
This loan is fully amortized over a shorter period and features constant payments. It offers all the advantages of a fixed-rate mortgage loan, plus a lower interest rate and you’ll own your home twice as fast. The disadvantage is that, with a Short-Term Fixed-Rate Opton loan, you commit to a higher payment. Many borrowers opt for a fixed-rate mortgage loan and voluntarily make larger payments that will pay off their loan quicker. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.
We’re here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE Short-Term Fixed-Rate Mortgage Qualifier.
We’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a seasoned investor.
The Short-Term Fixed-Rate Mortgage Loan Process
Here’s how our home loan process works:
As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.
Mortgage rates change every day, and your rate will vary based on your location, finances, and other factors. Get your FREE customized rate comparison below:
