908.322.5535 info@americanunited.comReady To Apply?APPLY HERE
MENUMENU
  • Home
  • Loan Options
        • Mortgage options

          • Fixed rate mortgages
          • Adjustable rate mortgages
          • Fixed / adjustable combinations
          • Jumbo mortgages
          • Approval First
        • Featured programs

          • Conventional – 3% down
          • FHA – 3.50% down
          • FHA 203K – rehab
          • NJ STATE FTHB PROGRAM
  • Today's Rates
  • Education
    • Blog
  • Contact Us
  • Questions? - We can help

Fixed Rate Mortgages

//30 Year Fixed Rate Mortgage

Fixed Rate Mortgages in New Jersey

When trying to decide between mortgage loan options, ask yourself the following questions;

  • Do I plan on keeping this home or mortgage for at least 10 years,
  • Would I enjoy the comfort of knowing my interest rate will never change,
  • Do I prefer that my mortgage payment remain the same for the life of the loan,

 

If you answered “yes” to any of these questions, chances are a Fixed Rate Mortgage may be right for you.

As the name implies, a Fixed Rate mortgage means the rate of interest you are charged on the outstanding loan balance will remain “fixed” for the life of your loan. In other words, you will know exactly what the payment will be each month, and that it will never change despite market rate fluctuations.

Benefits of a Fixed Rate Mortgage:

  • Interest Rate remains the same for the life of the loan
  • Monthly payment remains constant
  • No pre-payment penalty allows you to pay the loan off early

 

Because of these benefits, Fixed Rate mortgages are among the most popular mortgages nationwide.

Fixed rate mortgages come in a variety of terms: 30 year, 25 year, 20 year, 15 year and 10 year fixed terms. The most popular term for a fixed rate loan is 30 years. This is because a 30 year fixed loan produces the lowest payment among the terms available. In short, the longer the term is the lower the payment will be.

You might consider a fixed rate loan if,

  • Your household income is based on a level salary or fixed income ( retirement income )
  • You have a low tolerance for interest rate risk
  • You prefer to set a monthly budget

 

Find out if a Fixed Rate Mortgage is right for you

Call or email a local American United Lending Professional today.

Contact us Today’s rates Get Pre-Approved

 

Other Loans you might be interested in:

  • Adjustable Rates Loans
  • Interest Only Loans
  • Hybrid Loans
Mortgage options:
Fixed rate mortgages
Adjustable rate mortgages
Fixed / adjustable combinations
Jumbo mortgages
Interest only loans
Featured programs
Conventional - 3% down
FHA - 3.50% down
FHA 203K - rehab
NJ STATE FTHB PROGRAM
Financial goals:
Buy your first home
Buy a vacation home
Buy an investment home
The buy / sell
Divorce and your home

The Home Buying Process

a step by step guide
FIND OUT MORE HERE

American United
Mortgage Corporation

210 Haven Avenue
Scotch Plains, NJ 07076

Contact Us
info@americanunited.com
908.322.5535
908.935.0900

Licensed Mortgage Banker
NJ Department of Banking & Insurance
NJHMFA Approved Lending Institution
NMLS License # 75965

  • Home
  • Why Choose Us?
  • Today’s Rates
  • Blog
  • Ask Questions
  • Contact Us
Equal Housing Lender • Copyright © 2017 American United Mortgage Corporation