Interest rates may be on the rise as a fixed rate mortgage may be the best solution especially if you have and adjustable rate mortgage that is maturing and ready to adjust upward. FREE QUOTE
When considering a conforming 15, 20, 30 or 40 year fixed rate mortgage it is your verified income that is the key factor to getting you approved for the best prevailing rate.
A stated income Fannie Mae conforming borrower may qualify for a great fixed rate mortgage as well, but does not have to provide a source of income to qualify. The rate may be slightly higher then a full income check loan, but will definitely bring home a low prevailing rate.
15, 20, 30 and 40 year terms available. Conforming for good to excellent credit borrowers means Fannie Mae approval and that is what you want, if you qualify...
Attention Less Than Perfect Credit Non-conforming borrowers, the equity in your home may be the key to getting approved for a refinance, don't let your Less Than Perfect Credit stop you from applying. FREE QUOTE
Be absolutely certain that if you choose to go for a fixed rate mortgage that you will have no intentions of refinancing again, because if you do, it may actually cost you more in the long haul. FREE QUOTE
Should I pay discount points to buy the rate down? Yes, if you are absolutely certain that you are not going to refinance again for at least ten years. Why? Because discount points are interest paid in advance so if you refinance it again within at least ten years you will loose the interest you have paid in advance.
Discount points on mortgage loans can be very expensive and can cost as mush as two percent of the loan amount to buy the interest rate down one percent on Conforming loan programs. One can never predict the future so unless you are financing the discount points in the loan to help lower the payment, it may actually not be in your best interest.
Displayed on the HOME page are today's national conforming full income mortgage rates. Call for a free loan comparison and prevailing rates as the rates change periodically throughout the day.
For more information on any fixed rate mortgage loan call Toll Free 1-888-744-2944 Mon-Fri 9am to 9pm EST to speak with a loan agent who can help. Free Mortgage Quotes with no obligation, give us a try!! FREE QUOTE
