Fixed Rate Home Purchase Loans
Fixed rate mortgages are ideal for long term homeowners. The interest rate
and monthly payment is fixed for the life of
the loan. This loan carries minimal risk; the majority of the payments during the beginning of the loan are
while the last payment of the loan is interest free and pays off the principal in full.
A loan with a fixed interest rate costs a little more for the security, but the resulting peace of mind is worth it. Interest rates on mortgage loans are on the rise and analysts coast to coast predict trend will continue. This is a great opportunity for you to fix the interest rate on your San Diego home purchase loan if you plan on keeping your new home for a long period of time. If you have any questions or needs, please fill out our inquiry box and we will have a mortgage and real estate professional contact you promptly.