Wednesday, February 27, 2013 - Article by: Matthew DeWeese - Pacific One Lending and Real Estate -
Security
Borrowers are often drawn to fixed-rate mortgages because of their security. With a fixed-rate there is no gamble if mortgage rates go up or down - your rate is locked at the rate you agree upon with you lender. Since your monthly mortgage payments will not change, you have the ability to better budget your finances. Most importantly, if mortgage rates rise, you will not need to worry about how you will make you monthly payment - your rate will stay the same. If you qualify, you may even refinance your home at a lower rate.
Call 888-733-4224 or get your personalized rate quote for a Orange County fixed-rate mortgage or request a quote.
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