Now is the Perfect Time to Lock-In a Fixed Loan!

FIXED LOANS

Have you considered changing that interest-only adjustable-rate loan into a fixed mortgage loan?

Now is the perfect time to do it while interest rates are at its lowest!

Currently, fixed loans are hovering at the 5% mark...with most major lenders offering mortgage rates below the 5% level on 30 year fixed. With the economy in its current state, now is the best time to get out of that interest-only loan and lock into a low fixed rate loan while rates are at some of the lowest levels that we have seen in years.

WHAT IS A FIXED LOAN?

A fixed rate loan is a loan in which the interest rate is locked in at that same rate for the life of the loan.

WHY DO I NEED TO CONSIDER FIXED RATE HOME LOANS?

Like most homeowners, you probably purchased your home during the real estate boom, using an interest-only mortgage loan. With interest-only loans, the homeowner is required to pay only the interest on the principal for a set period. Now that the economy has changed for the worst and most of those loans are starting to reset, a fixed rate loan is the best alternative for those looking to refinance. Since the current mortgage rates are fluctuating at the historically lowest levels, lock in your mortgage to a better loan today...COMPARE NOW...AND SAVE, BEFORE RATES START TO RISE! There are many ways to compare rates that are being offered by lenders...what we find to be most effective are the online forms which generally only take a few minutes to complete and will give a price comparison from a group of lenders.