• Ask about our bank statement program which eliminates the use of tax returns and we just use the deposits in your bank account to calculate income.
(800) 535-0270
Select Page
contact us

Fast Quote

 

Coop Investments
bank statemen program

Fixed Rate Mortgage

When selecting a mortgage, an important choice borrowers must make is whether to apply for an adjustable interest rate or a fixed rate. Adjustable rate mortgages may be in the borrower’s favor if interest rates drop over time. Fixed rate mortgages help regulate a borrower’s finances since the principal and interest (P&I) amount is the same every month.

We offer borrowers a wide selection of fixed rate mortgages, the advantages of which include:

  • Low, fixed interest rates
  • The stability of a fixed monthly P&I payment
  • The option to secure an even lower interest rate with discount points
  • A down payment as low as 3 to 20% of the home’s value (when buying a home)
  • No prepayment penalty if you pay your loan off early
  • Flexible loan terms ranging from 10 to 30 years in 1-year increments

If refinancing, a fixed rate mortgage may be right for you if:

  • You have a high interest rate and you want to lower it
  • You have an adjustable rate mortgage and prefer the stability of fixed P&I payments
  • You want to lower your P&I payment or shorten the term of your loan
  • You want to get cash out for home improvements, debt consolidation or college tuition
  • You plan to stay in your home for 7 years or longer

If buying a home, a fixed rate mortgage may be right for you if:

  • You plan to stay in your home for 7 years or longer
  • You prefer the stability of fixed P&I payments
  • You have a down payment of at least 5 to 20% of your home’s value

If your finances could benefit from stable P&I payments, call us to talk to a loan expert today. We’ll help find the fixed rate mortgage that’s right for you.

To contact us by phone call 800-535-0270 or email us by clicking here.

© 2019 www.mortgagedepot.com. All Rights Reserved.
Licensed By The Following State Regulatory Agencies:
New York State Department Of Financial Services
Florida Office Of Financial Regulation.
Website Authorization By The New York State Department Of Financial Services Is Approved.
*Registered Mortgage Broker — New York State Department Of Financial Services – All Mortgage Loans Are Arranged Through Third (3rd) Party Providers’ NMLS # 1133788