Conventional Fixed Rate Loans
At Shore Mortgage we offer Conventional 15-year Fixed Rate Loans and Conventional 30-year
Fixed Rate Loans.
Fixed Rate options are popular because they maintain the same interest rates throughout the lifetime of the loan. With a fixed rate loan, you will not have to worry about rates unexpectedly skyrocketing, and you can lock in huge savings when interest rates are low.
A benefit of the 15-year plan is that interest rates will be lower than the 30-year plan. This means that you will end up paying less money overall to own your home. However, monthly payments for the 30-year plan tend to be lower because the principal is spread throughout a longer period. Depending on your circumstances, one of these options could be ideal for you.
Fixed-Rate Loans are perfect for someone who is looking for a loan that is predictable and steady, or planning to live in the home for a longer period of time.
· Fill out our Quick Qualify Form to find out what you qualify for!
· Find an expert to work with by browsing our Loan Officer Directory!
· Call 866.584.0954 to see which loan is right for you.
