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Our fast, simple, secure form matches you and your loan needs with different lenders... More
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Calculate the monthly payment for a particular mortgage loan... More
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Learn what rates are offered for different programs... More
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Mortgage industry glossary of terms will help you understand mortgage terminology... Open
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To assist you in your mortgage process, we have provided a mortgage application for you to download and print... More
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LowestRatesLending is an independent mortgage banker who can place mortgages from a variety of lending sources. We pride ourselves on our honest, personal and professional service where we confirm all the
costs and fees upfront... More
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This is often the first choice of buyers who prefer to know exactly what
their monthly principal and interest payments will be over the life of the loan.
Principal and interest payments do not change because the interest rate remains
the same for the entire length of the loan.
While interest rates are generally higher than those for an adjustable-rate
mortgage, the predictability of the principal and interest payments makes
budgeting easier.
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If you want to minimize the total interest you have to pay and build equity
faster, one of our shorter term, fixed-rate mortgages is for you. Like the
longer term fixed-rate mortgage, the monthly principal and interest payments
remain the same over the life of the loan. Since the loan is repaid sooner,
the total amount of interest paid is reduced. The interest rate on these
mortgages is typically lower than long-term loans. |
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