Fixed Rate Mortgage Guide

30yr Fixed Rate Mortgage Section


30yr Fixed Rate Mortgage Navigation

Main Home Page
Tell A Friend about us
15 Yr Fixed Rate Mortgage |
2007 30 Year Fixed Mortgage Rate |
Fixed Rate Mortgage Deals |
Long Term Fixed Rate Mortgage |
195 Fixed Rate Mortgage |
Fixed Rate Mortgage Uk |
40 Year Fixed Rate Mortgage Calculator |
Fixed Rate Mortgage 10 |
30 Yr Fixed Mortgage Rate |
10 Year Fixed Rate Mortgage |

List of Fixed-Rate-Mortgage Articles

30yr Fixed Rate Mortgage Best seller

Buy it Now!

Best 30yr Fixed Rate Mortgage products


Deprecated: Methods with the same name as their class will not be constructors in a future version of PHP; rss_parser has a deprecated constructor in /home4/marcilio/public_html/mortgage/fixed-rate/datas/rss.class.php on line 2

Social bookmarking
You like it? Share it!
socialize it


Subscribe to our newsletter AND receive our exclusive Special Report on Fixed-Rate-Mortgage
First Name:

Main 30yr Fixed Rate Mortgage sponsors


Latest 30yr Fixed Rate Mortgage Link Added


Submit your link on 30yr Fixed Rate Mortgage!


Welcome to Fixed Rate Mortgage Guide


30yr Fixed Rate Mortgage Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.

Choosing between an ARM or a Fixed Rate Mortgage Rate


Homeowners often lock into an adjustable rate mortgage and find that the interest rate increased and their monthly payments were adjusted to reflect the higher rate. Often they decide to refinance their ARM mortgage with a fixed rate mortgage rate loan, because the payments will stay the same over the term of the loan. It isn’t always easy to qualify for a fixed rate mortgage rate loan; especially if the borrower is presumed a risk due to poor credit or other financial issues.

Before you try to qualify for a fixed rate mortgage rate loan it is a good idea to pay off any credit cards that might be taking money away from your monthly budget. Always check with the credit bureaus and get a copy of your credit history. If there are any errors on your credit report, you must address them right away. Should there be any unpaid bills that have been turned over to bill collectors, it will behoove you to pay those bills off before they get listed with the credit bureau. With a steady cash flow in your finances and a clean credit history you should be able to qualify for a fixed rate mortgage rate loan.

By switching from an ARM to a fixed rate mortgage rate loan you may be saving a hundred or more dollars on your monthly payment. The amount of interest you will pay in a fixed rate mortgage rate loan will often times be less than what you would pay on an ARM loan. Sometimes it is more cost effective to have an ARM loan if you don’t plan to stay in it long. Many people buy homes on an ARM loan and flip the homes and then pay off the money owed. If you aren’t planning to sell your home soon, may be to your advantage to choose a fixed rate mortgage rate loan.

Whether you have an ARM loan or a fixed rate mortgage rate loan you can amortize your loan in a set number of years. If you don’t want very high payments you can choose a 30 year loan, or if you can afford the higher payments the 15 year loan may be the better option because less interest is paid over the term of the loan on a shorter duration of the loan. The ARM loan fluctuates over certain periods in the loan, which could be yearly or however the loan is written. The interest rate could remain the same over time or it could fall or rise and the monthly payment would change at specified times when the loan is adjusted. With a fixed rate mortgage rate loan the interest rate is locked in at the time the loan was issued and will not change over the term of the loan. The payments of a fixed rate mortgage rate loan will remain the same also.

Fatal error: Uncaught Error: Call to undefined function eregi_replace() in /home4/marcilio/public_html/mortgage/fixed-rate/datas/persobanner_center.php:21 Stack trace: #0 /home4/marcilio/public_html/mortgage/fixed-rate/datas/center.php(8): include() #1 /home4/marcilio/public_html/mortgage/fixed-rate/datas/pages.php(77): include('/home4/marcilio...') #2 /home4/marcilio/public_html/mortgage/fixed-rate/30yr-fixed-rate-mortgage.php(2): include('/home4/marcilio...') #3 {main} thrown in /home4/marcilio/public_html/mortgage/fixed-rate/datas/persobanner_center.php on line 21