Visit Trident Mortgage Company - Exton Home Marketing Center To Learn More About 30-Year Fixed Rate Mortgages
October 13, 2008 by Sammy
A fixed-rate mortgage has an interest rate that won’t change for the life of your loan. Usually that’s 30 years. It’s the best security against rising mortgage rates and higher payments. If you know you don’t plan on moving or refinancing in the next 10 years or so, the fixed-rate mortgage for Trident Mortgage in Exton may be your best choice. Here are some benefits of a 30 year fixed rate mortgage:
- Rates on fixed-rate mortgages are currently at or near historic lows. This means your mortgage payment starts low and stays there.
- You can choose the term that’s right for you - the shorter your term, the less interest you’ll pay. No matter how long you finance your mortgage, you’ll have the peace of mind in knowing what your payment is, so you can plan your budget.
- If you don’t have a full (20%) down payment, you can still get the security of a low, fixed payment. You can put as little as 5% down on a fixed-rate mortgage.
Need to refinance? A fixed-rate mortgage is a great way to refinance up to 95% of your home value. Or, refinance up to 90% to take cash out - pay down debt that doesn’t offer tax incentives
Larry Long
Mortgage Planner
232 Eagleview Boulevard
Exton, PA 19341
Phone: 484-875-2550
Fax: 484-875-2620
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