Fixed-Rate Mortgage Services
Searching for the perfect house to call your dream home is time consuming. It’s hard to think about anything else as you travel down the path toward home ownership.
The decision to become a homeowner brings with it great responsibility and a tremendous financial commitment. That’s why it’s important you find the perfect Georgetown Mortgage fixed-rate mortgage that fits your unique needs, now and in the future.
A fixed-rate mortgage is exactly as it sounds. It’s a home mortgage loan where the interest rate is fixed for the life of the loan. If you hate surprises, you’ll love the Georgetown Mortgage fixed-rate mortgage. Once you sign the paperwork, the rate never changes per the original loan term, giving you peace of mind and a monthly mortgage that’s easier on your budget over the long term.
Typical terms for fixed-rate mortgages are 15 years and 30 years. There are also 10, 20, and 25 year terms available. Your fixed-rate mortgage stays locked-in at the percentage point you agree to pay when you seal the deal.
A fixed-rate mortgage the most basic type of home purchase loan on the market. Borrowers are attracted to the fixed-rate loan because of its rate stability, making it the preferred mortgage choice year after year by thousands of Americans.
When a Fixed-Rate Mortgage Makes Sense to You
Fixed-rate mortgages are beneficial to borrowers who plan to keep their new home forever, or for a very long time. If you have a job that will possibly keep you in the same town for a while, and if you have no plans to move in the near future, then a fixed-rate mortgage could be for you.
Fixed-rate mortgages are great options to consider when rates are low. When you choose a fixed-rate mortgage, you lock in your interest rate for the entire term of the mortgage. This protects you from rate hikes when interest rates climb in the future.
However, if, at the time of your loan application, interest rates on fixed-rate mortgage loans are high, yet expected to fall in the not-too-distant future, you should consider an adjustable-rate mortgage as your go-to solution. You can always look into a refinance for better terms and lower rates, after rates drop to lower levels.
Your Georgetown Mortgage loan officer will help you find the fixed-rate mortgage that best fits your situation.
At Georgetown Mortgage, you get one mortgage originator, one lender relationship, because we don’t believe in your having to re-explain your situation on every call.
When you’ve found the home of your dreams, turn to Georgetown Mortgage for the loan that makes your dream come true.
*All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.