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Fixed Mortgage Rate

If you have plans to stay or live for a while in your dream home then you should look into a fixed mortgage rate. Most people would like to go through their days stress free and avoid situations if they can. With fixed rate mortgage you can do just that, interest rates are fixed so you know exactly how much you will be paying each month. East West Mortgage wants to help homeowners avoid high interest rates if we can. Saving money plays a major factor in people’s life; every little penny counts when you are a homeowner, and fixed rate mortgage can help you save each month.

Types of Fixed Mortgage Rate

There are two types of fixed mortgage rates, a 15-year and a 30-year one. Usually the type of fixed rate mortgage you look for depends on your financial situation and your mortgage standings. With the help of our East West Mortgage’s loan officer, we can help figure out which one is best for you and your family.

 
Advantages
Disadvantages
30 Year Fixed Mortgage Rate
  • Compared to a 15 year fixed rate mortgage, you receive lower monthly payments.
  • If interest rates go up in the index, your interest rates do not since it is fixed.
  • For the 30 years of your mortgage, your payment will not go up.
  • You pay a higher interest rate than a 15 year fixed rate mortgage.
  • If interest rates in the index ever were to go down, you do not get to receive the benefit of a lowered interest rate.
15 Year Fixed Mortgage Rate
  • Compared to a 30 year fixed rate mortgage, you get lower interest rates
  • You have the benefit of building up equity in your home faster.
  • If interest rates go up in the index, your interest rates do not since it is fixed.
  • During the 15 years of your mortgage, your payment will not go up.
  • Monthly payments are higher than a 30 year fixed rate mortgage.

Contact East West Mortgage Today

Get your fixed rate mortgage with East West Mortgage today! You will not go wrong with it. You can save hundreds each month, and plan your cash out accordingly.

Our number one priority is to make sure you get what you are looking for. Please contact us through one of the following: our toll free number at 1-800-880-4202, our online website at EWMortgage.com, or give us a visit at our office.

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