Rates are low so why not lock them in now! Is a Fixed Rate loan right for you?
If you answered “yes” to any of these questions, fixed interest rate mortgage might be right for you! Since your rate won’t change for the life of your loan, your payment will never increase. Fixed rate loans come in various types, and are generally the most popular loans for those looking to buy or refinance their homes. This is due to the security they provide, ensuring consistent monthly payments, without worry or hassle about changing interest rates. If you are planning to own your home for several years or more, a fixed interest rate loan may be your best option.
For homeowners facing higher-than-market interest rates on their loans, it is a good idea to check out other financing options. That’s where we come in. Refinancing offers several no-cost and low-cost incentives to save you interest premiums and high rates. Similarly, short-term loans carry lower interest rates and allow you to pay off your loan in a much shorter time. Refinancing can also help lower your monthly payments, as well as your overall credit period. Be advised that whenever you consider refinancing your current mortgage loan, your finance charges may be higher over the course of the loan. Crown Home Mortgage always recommends discussing the TIP or Total Interest Percentage with your licensed loan officer to ensure the loan creates a long-term benefit.
Talking to a licensed Loan Officer is an important step to getting the right mortgage loan. Everybody has different loan needs and your Loan Officer will know which questions to ask in order to best match you with the right loan and monthly payment.
The Loan Officer will also explain all the steps–from getting started, to locking in your low rate, to closing your loan Because we are a direct lender, if you have any questions during the loan process, you will have one direct number enabling you to get quick answers straight from the source.
On average, our loans close in about 30 days.