Home Loan Options – Fixed Rate Mortgages

For people who want to know exactly what the future holds, fixed rate home loans offer stable interest rates and payments that won't change for the life of the loan. This makes fixed rate loans ideally suited for those on a fixed income or with a stable budget.

In return for this protection against interest rate risk, fixed rate loans may have more start-up fees and slightly higher interest rates than adjustable rate loans or combination rate loans. You'll need to consider your own long-term financial plans and goals to decide which type of home loan is best for you.

If you plan to stay in your home for more than 5-10 years, the higher upfront loan costs may pay for themselves if interest rates increase.

On the other hand, if you plan to keep the loan for less than five-10 years, you may find that going for a lower cost combination or adjustable rate mortgage home loan is in your best interest.

Fixed monthly payments - Fixed payments makes it easier for you to manage your finances and give peace of mind to people on a fixed income.

Increased long-term savings - If you're confident that you'll be staying in the same home for 5-10 years or longer, a fixed rate mortgage can save you a significant amount of money should interest rates rise.

Secure a Loan for Up to $500,000 - For qualified borrowers, we offer the means to purchase the home of your dreams with loans that offer an unusually high maximum loan amount.

Call Countrywide Bank's Full Spectrum Lending Division at 1-800-909-8217 to find out if a fixed rate mortgage is right for you. Our expert Home Loan Consultants can educate you on the best loan options to meet your individual needs and guide you through the entire loan process.

Even if your credit isn't perfect, we are eager to help you purchase the home of your dreams. We specialize in helping people with all types of credit backgrounds get the home loan that meets their needs, and puts financial difficulties behind them. So, call today and apply, and find out what Countrywide's Full Spectrum Lending Division can do for you.