Slow and steady wins the race. A fixed rate mortgage is one where the interest rate and monthly payment remains the same throughout the life of the loan. With relative low risk and consistent payments, it’s a good choice for the borrower who plans to stay in the home long-term with a view towards paying off the mortgage and owning the home outright. We can help you decide which loan term is best for you; a 30 year will give you a lower payment which is important to many, while a 20 or a 15 year loan will offer more aggressive rates and less finance charges but because of the shorter time frame, a higher payment. We can show you the benefits of both including how much money you can save if you decide to go with a shorter term, or how a longer term loan can allow you to buy a home without maxing out your budget.
With the many options available, it's good to know that O Bee Home Loan Professionals are here to help guide you through the process, answer questions, and make sure you are getting the best rates for your situation.
O Bee Credit Union Mobile Banking allows you to check balances, view transaction history, transfer funds, pay loans, deposit checks, control your debit and credit cards and pay bills on the go!
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