Over the last 25 years the thirty year fixed rate mortgage has been the most popular home loan in the United States. Borrowers can get a 30-year fixed mortgage with any of the following loan programs: FHA, VA, conventional, jumbo and subprime. A 30-year fixed mortgage is a loan that has an interest rate that stays the same for the 30-year term of the loan. Someone taking out a $165,000.00 30-year fixed mortgage at the current average would pay $909.09 a month for the life of the loan. The current thirty-year rates loans range from 3 to 4% for qualified borrowers.
Many self-help guides to getting out of debt suggest credit card debt consolidation
as helpful tool for debt management. Debt consolidation, in simple terms,
means taking all the money you owe to different sources, or in most cases,
different credit card companies, and putting it into one source of debt-either
another credit card or some other type of loan.
If you are diligent about either paying off your debt or switching again
to another low interest program before the low interest rate time period is
up, then you will be able to save hundreds of dollars in interest payments.
Request a FREE Mortgage Quote online and learn how a debt consolidation
loan could save you over $4,000 per year!
Loan Programs & Options Smart Home Mortgage Loans inc. offers many loan programs from the primary lenders in all 50 states. Our lending institutions provide home purchase, second home equity, mortgage refinancing, and refinance loans. Whether you are searching for conventional, non-conforming or subprime refinancing, our company can connect you with the finest financing providers online.
Financing Basics For those of you who didnít get a finance degree from a graduate business school, we created this section so that average homeowners can understand the basic for refinance and purchase mortgage loans. Our site will provide you with mortgage references and relevant definitions for loan terms so that you can make wise finance decisions that involve residential mortgages.