What is a Fixed-Rate Mortgage?
A fixed-rate mortgage is a homebuyer loan that has a predetermined and unwavering interest rate for the entire life of the loan. Fixed-rate mortgage terms can last anywhere between 10 to 30 years and are popular with people who prefer their interest rate to be consistent from beginning to end.
Advantages:
- Monthly payments are fixed over the life of the loan.
- The interest rate does not change.
- Protected if rates go up.
- Can refinance if rates go down.
Am I Eligible for a Fixed-Rate Mortgage in Dallas, TX?
For around 95% of homebuyers, a fixed-rate mortgage is the preferred choice. It reigns as the most stable and predictable mortgage on the modern market. If you’re planning for long-term homeownership, a fixed-rate mortgage offers unmatched security.
To learn more about your eligibility for a fixed rate or ARM mortgage, contact Supreme Lending today. With rates at a considerable low, now is a great time to be shopping for a new home or a refinance.
Texas’ Choice for Stress-Free, Fast Financing
Supreme Lending’s team of experts helps you understand the fixed-rate mortgage process in Texas. When you choose to finance with us, we handle all the fine print so you can focus on your big move. From our first call until after you close on your home, we are by your side every step of the way.
Secure Your Dream Home with a Fixed-Rate Mortgage from Supreme Lenders
We offer secure, stable fixed-rate mortgages to prospective homebuyers in the Dallas, Texas area and beyond. Talk to a team member today for everything you need to know about fixed-rate mortgages and financing your new home!
