|
The ten year fixed rate mortgage saw a surge in popularity in 2011 because the interest rates dropped to 3%. The reality is that most homeowners are not able to qualify for the 10-year mortgage because their debt to income ratio is too high, but if cash flow and credit are not an issue, we strongly recommend locking into a loan now because these are the lowest 10-year mortgage rates ever recorded. With home loan rates this discounted most borrowers have a genuine opportunity to save lots of money.
Qualify for 10-year Mortgage with a Fixed Rate as low as 3%
- Lock into a 10-year mortgage for a primary residence or 2nd home.
- Shorten your term with a 10-year mortgage refinance.
- Pay off adjustable rate loans with a fixed ten year note.
- Imagine having no monthly mortgage payments after 120 months
|
|
Other mortgage alternatives: The 10 year mortgage has become a popular alternative to the 15 year home loan. 10-year mortgage rates are even low than the 15-year loans, but you must have substantial income to qualify because the monthly payment is significantly higher than the traditional 30-year mortgage. Compare the fifteen and ten year mortgage rates now while money has become so affordable.
You can choose from a variety of mortgage terms when processing your loan with Bridge. |
|
|