30 Year Fixed

Advantages of a 30 Year Fixed Rate Mortgage Loan

  • Lower mortgage payments than lower terms
  • Fixed rate so your principal and interest never changes
  • Great low rates
  • Buy a home with as little as 3% down payment
  • Refinance your home with lower built up equity

Although your total life-time payments will exceed those of a 15 year mortgage the savings of having a lower payment will help allow you to pay off bills or afford a larger home. These loans have no pre-payment penalty so you can always add extra monthly payments to payoff the loan quicker than the term. The 30 Year Fixed mortgage is the most common choice for homeowners and most conservative route to choose when deciding which option is best.

buying a new home

For more information about 30 Year Fixed Loans, their benefits and loan options and how it may apply to you, please contact us direct at 281-627-4222 or submit the quick quote form on this page.