You’re looking at purchasing a new home, but you’re torn on whether you want a fixed rate mortgage or an adjusted rate mortgage to buy your house. When choosing between whether you want a 15-year mortgage or 30-year mortgage rates will depend if you want your interest to stay steady or if you want to start off with a lower payment in the beginning and let it go up over time. We can help you determine what type of mortgage and interest rate is best for you. At TNRD Home Loans, our experts will sit down with potential home buyers to go over the pros and cons of each, to help you make a more informed choice. Our customers are in and around Madison, TN, and we have been doing business for several years in the area. Our staff helps home buyers with every aspect of each type of mortgage and will help you choose the right type based on your credit and down payment. If you want to buy a home but need some guidance on what kind of mortgage to use, come by and let us help you today.
What is the difference between a 15-year fixed rate and adjustable 30-year mortgage rates? With a 15-year mortgage rate, your interest is set for the duration of your mortgage, while a 30-year mortgage rate, is where your interest starts low and then rises as you get further along in payments. Some people prefer using a 30-year mortgage because the costs are lower up front to make payments more affordable for younger home buyers. If you are deciding on a 30-year rate, then let us at TNRD Home Loans help you choose the type of loan you want, whether its FHA, VA, Conventional, and more. We assist families in Madison, Springfield, Hermitage, and the surrounding area find the right type of loan for their needs. Ready to buy that house? Then pick the home you want while we do the rest of the work.
Choosing how your interest rate applies to your mortgage is important, especially if you want your lower costs up front. If you’ve decided on 30-year mortgage rates, then let us at TNRD Home Loans find the type of mortgage that will match your needs. We have been working with the people from Madison, Springfield, Hermitage and neighboring cities for several years, helping them achieve their goal of owning their homes at the best rates. Our goal is to assist you to achieve the American Dream by owning your dream home. Want to buy that house? Then contact the experts today and let us help you get the ball rolling.