All Western Mortgage
This presentation is the property of its rightful owner.
Sponsored Links
1 / 9

Fixed Rate Mortgage Loan PowerPoint PPT Presentation


As the name suggests, with a fixed rate mortgage, your rate of interest on the loan remains fixed throughout the term of your loan and the repayment is split into monthly installments for the entire duration regardless of its length. http://www.awmlending.com/loans-fixed.php

Download Presentation

Fixed Rate Mortgage Loan

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Fixed rate mortgage loan

All Western Mortgage

Types of Mortgage Loans for Potential Homeowners


Fixed rate mortgage loan

• When it comes to buying

a house, taking a

mortgage is inevitable for

most homebuyers. Earlier

from 2000 to late 2008,

during the boom of real

estate industry, buyers

had exotic loan options to

choose from as lenders

were offering great loans

at risky terms. However

since then, lenders have

returned to the safe

environment of home

financing.


Fixed rate mortgage loan

Nowadays, there are majorly two types of mortgage loans that

conventional buyers can choose from. They are as follows:


Fixed rate mortgage loan

1) Fixed Rate Mortgage

As the name suggests, with a fixed rate mortgage, your rate

of interest on the loan remains fixed throughout the term of

your loan and the repayment is split into monthly

installments for the entire duration regardless of its length.


Fixed rate mortgage loan

1) Fixed Rate Mortgage

During the initial years of this type of loan, only a small amount of

principal amount is paid off and the majority portion of the monthly

installments is used to pay off the interest. Fixed rate loans can be 10,

15, 20 or 30 years of duration.


Fixed rate mortgage loan

2) Adjustable Rate Mortgage Loans (ARMs)

Unlike fixed rate loans, the interest rate on ARMs changes

from year to year. The most prevalent type of ARM is Hybrid

ARMs.


Fixed rate mortgage loan

2) Adjustable Rate Mortgage Loans (ARMs)

A hybrid ARM comprises the qualities of both Fixed Rate mortgages

and Adjustable Rate mortgages. In the initial years of a Hybrid ARM,

the interest remains fixed and starts changing only after a pre-specified

duration. Hybrid Mortgages can have anything from a three year to 10

year fixed rate interest period.


Fixed rate mortgage loan

These are the two types of mortgage loans that are most common with potential

homebuyers. All Western Mortgage offers best interest rates on both these types of

mortgages. So, if you are on the hunt for mortgage purchase, call us on 702-850-2790

or visit our website – http://www.awmlending.com/ now.


Fixed rate mortgage loan

Contact Us : All Western Mortgage

Address:

8345 W Sunset Rd

Suite 380 Las Vegas, NV 89113

Phone: 702-850-2790

Corporate: 702-369-0905

Fax: 702-906-0153

E-mail: [email protected]

Website:

http://www.awmlending.com/


  • Login