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Office: (770) 578-3600
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Fixed Rate Mortgage

A fixed mortgage may be a good option if your client:

  • Expect interest rates to rise in the future
  • Plan to stay in the home for an extended period of time
  • Prefer the stability of monthly payments
Features
  • The interest rate will stay the same for the entire term of the loan. This means that your monthly principal and interest payments will remain the same for the life of the loan.
  • A fixed-rate mortgage is available in a variety of term options.

Take Into Consideration

When choosing the loan term, consider how the length of the loan term will affect the payment amount and how much is paid in interest in the long-run. Consider:

  • The monthly payment is typically higher on a shorter-term loan than on a longer-term loan.
  • The overall interest you pay is higher on a longer-term loan than on a shorter- term loan.

 


Principal

The amount borrowed or remaining unpaid. The part of the monthly payment that reduces the remaining balance of a mortgage.

Interest

The fee charged for borrowing money.

Correspondent and Wholesale Mortgage Services
1800 Parkway Place, Ste 820, Marietta, GA  30067
Office:  (770) 578-3600
wholesalemortgage@amerisbank.com
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