Here at East West Mortgage, we offer various different options for your mortgage loans. One of which is that we offer 10-year fixed rate mortgage loans. A fixed rate mortgage is highly popular among our customers. Over 75% of home buyers seek this type of loan. What makes it appealing is that it is very stable for a mortgage loan. With a fixed rate, you will always have a low mortgage rate even when the market's rates start to fluctuate. You will be sure that your rate will always stay the same throughout the term of the loan. Stability and security make up a big part of this loan. You will not need to worry about when the rates fluctuate to its all time high as yours will be at its lowest point. East West Mortgage guarantees that your rates will be low. As the leading home loan lender, our rates are the lowest compared to other companies.
A Comparison
As compared to a 30-year fixed rate mortgage, interest rates will be lower with a 10 year loan as you will be paying it off quicker. A 10-year fixed rate mortgage will yield you higher monthly payments as well since there 20 years difference between the two loans. However, you will build equity in your home faster as well as paying off your home quicker than a 30-year loan. Traditionally, many people choose a 30-year mortgage loan as monthly payments will be more affordable. However, if you are able to keep up with a higher monthly payment, then it would be in your best interest to get a 10-year mortgage loan. You will be able to save money on interest since the length of your loan is less than a 30-year mortgage.
The Choices are Endless
With the various choices we offer for a fixed rate mortgage, you will be able to have many open options regarding how you will structure your mortgage payments. We are dedicated to help you find the best route for you to take. By using our online mortgage application, you are able to apply for a mortgage program online from the comfort of your home or office. You may also contact us by telephone by calling us toll-free at 1-800-880-4202. Come to East West Mortgage to find your best mortgage, guaranteed.
