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Welcome to the Financing Resource Directory informational page
for home mortgage financing. Please read the information below.
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30 Year Fixed Rate Program
A 30 Year Fixed Mortgage is a type of mortgage loan that is repaid by the borrower
making 360 equal monthly payments over a period of 30 years. Since the borrower's
payments are 'fixed', the borrower can expect to make the same monthly payment for the
entire term of the loan. A 30 year mortgage loan is the most widely accepted program
used to finance a residential purchase.
15 Year Fixed Rate Program
A 15 year fixed mortgage is a type of mortgage loan that is repaid by the borrower
making 180 equal monthly payments over a period of 15 years. Since the borrower's
payments are 'fixed', the borrower can expect to make the same monthly payment for
the entire term of the loan. A 15 year mortgage loan is the most widely accepted program
used to finance a residential purchase.
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