30-year fixed-rate mortgage2 of 10What is it? This mortgage combines a stable fixed interest rate with a long loan term that helps create manageable payments for millions of American families. During the years leading up to the current mortgage crisis, many homebuyers strayed from this time-tested formula in search of exotic loans with lower interest costs. Today, many borrowers are returning to the 30-year fixed-rate fold.Who is it good for? Borrowers who plan to remain in their homes for a long period of time and/or want the security of knowing their monthly payment will never change.Search for the best rate on a 30-year fixed-rate mortgage.Learn more about fixed-rate mortgages.Should you go with a fixed-rate mortgage or an ARM?<< Back to the 2010 Real Estate Guide table of contents. Related Articles:Fixed-rate mortgagesAdjustable-rate mortgagesOther types of mortgagesARM or fixed-rate mortgage?Related Links:How much house can you buy?Which lender is right for you?Private mortgage insurance10 questions to ask your lenderadvertisement
What is it? This mortgage combines a stable fixed interest rate with a long loan term that helps create manageable payments for millions of American families. During the years leading up to the current mortgage crisis, many homebuyers strayed from this time-tested formula in search of exotic loans with lower interest costs. Today, many borrowers are returning to the 30-year fixed-rate fold.
Who is it good for? Borrowers who plan to remain in their homes for a long period of time and/or want the security of knowing their monthly payment will never change.
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