Looking for a Fixed-Rate Mortgage?
When you’ve found the home of your dreams, it’s important to find a mortgage that’s right for your financial future.
A fixed-rate mortgage is the most basic home mortgage taken out every year by thousands of Americans. The typical terms for fixed-rate loans are 15-year and 30-year mortgages.
“Fixed-rate” refers to the interest rate on the loan, which stays the same throughout the loan’s term. Unlike an adjustable-rate mortgage, the interest on a fixed-rate mortgage doesn’t shift with an index, but remains locked at the percentage you agree to pay at the very beginning.
When Should I Get a Fixed-Rate Mortgage?
A fixed-rate mortgage is a good option for when rates are relatively low. A fixed-rate locks in the low rate for the entire term, even when current interest rates are much higher.
A fixed-rate may also be beneficial if you’re holding onto the property for a long time and may be looking to settle down permanently. The fixed-rate protects you from fluctuations in interest rates and provides a peace of mind that many people enjoy.
Find a Mortgage Company You Can Trust
When you’re deciding on a mortgage loan, you need to find a mortgage company you can trust. At Georgetown Mortgage, we believe it’s important for our customers to know exactly what they’re getting in a loan deal.
We’re here to make relationships and do what’s best for everyone.Georgetown Mortgage Loan Originator
When you choose Georgetown Mortgage, we’ll assign you a loan originator who walks you through the entire loan process, from application to closure. He or she will be able to answer any questions you have and address any concerns.
Contact Georgetown Mortgage for Help
When you’ve found that perfect home and are looking for a mortgage that fits your financial situation, it’s time to contact Georgetown Mortgage. To learn more about fixed-rate mortgages and our other mortgage options, call our office or fill out our contact form.