Fixed Rate Mortgage

Fixed Rate Mortgage

If you plan to stay in your home for the long term and want a consistent payment that never changes then a fixed rate mortgage might be for you. It is easy to budget with a consistent mortgage payment at a low rate that will stay the same through the life of your loan and interest rates on Fixed Rate are still very low!

Types of fixed rate mortgage

The 15-year mortgage

Because you will pay less in interest a 15-year mortgage can significantly cut down on the interest that you pay. Over the course of a 15-year mortgage you will have some big savings available.

Since you are paying more towards principal your monthly payments will likely be higher. Even with the lower interest rate, you will probably have a slightly higher payment with a 15-year mortgage but you will be mortgage-free in half the time, which is no small feat.

The 30-year mortgage

Your monthly payment will likely be lower because you are spreading out your payments over a longer period of time. If your monthly budget is tight, this can be a better option for you. It only makes sense that the longer the mortgage equals the more interest charged.

How it Works

  • Monthly payments are based on interest rate, principal loan amount, and amortized interest over 30 years. Your payment will not change throughout the life of the loan.
  • Your actual payment will vary based on your situation and the current interest rates when you apply.
  • Pay your mortgage off at any time without pre-payment penalties.

Have questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions.

What are your goals?

I want to Refinance

I want to buy a home

Call Nationwide Mortgage Bankers today at 800-431-1705 or click here to get started.

About Us

At Nationwide Mortgage Bankers, Inc., we treat each customer as an individual, not a number. At Nationwide Mortgage Bankers, Inc. we don't use a formula to obtain your loan - we use common sense. This ensures that you will obtain the best loan possible at the lowest possible rate.

Company NMLS: 819382

Equal Housing Opportunity

Contact Us

Nationwide Mortgage Bankers, Inc

Corey Margulefsky
3 Huntington Quadrangle Suite 403N
Melville, NY 11747

Toll Free: 1-800-431-1705
Local 1-516-584-1473


Follow Us On Facebook

Click The Link