Fixed-Rate loans are the most popular type of mortgage loan because the loan is based on an interest rate and monthly Principle / Interest payment that does not change over time. The property taxes and insurance costs may fluctuate, but many borrowers find fixed-rate home loans to be the best mortgage for their needs because they can create a budget and rely on a steady payment.
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Most companies offer fixed-rate mortgages in terms of 15 or 30 years, however, you can ask for alternatives such as 10 or 20-year terms. The longer the term, the higher the interest rate will be. The longer the term however, generally creates a lower payment because the payback is spread out over more years.
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Contact the Rojo Team →
Most companies offer fixed-rate mortgages in terms of 15 or 30 years, however, you can ask for alternatives such as 10 or 20-year terms. The longer the term, the higher the interest rate will be. The longer the term however, generally creates a lower payment because the payback is spread out over more years.
Get Started →