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Fixed Rate Loans

California Mortgage & Home Equity Loans, Co.

With a fixed-rate mortgage, your monthly payments remain the same throughout the life of the loan.

You might consider a fixed-rate mortgage if you:

  • Prefer a regular monthly payment.
  • Are on a limited or fixed income.
  • Want the security of knowing that your payments will remain the same even if interest rates rise.
  • Fixed-rate mortgages – there are several different types to choose from. They include:

30-Year Fixed-Rate Mortgages
Of all fixed-rate mortgages, the 30-year option offers the lowest monthly payments. That’s because the loan matures over a longer period of time. If you think interest rates are likely to rise over the long term, this is a good option. Also, the low payments could help you qualify for a more expensive home.

15-Year Fixed-Rate Mortgage
With a 15-year option, you own your home in half the time by paying more each month. In return for higher monthly payments, you acquire equity faster and end up paying substantially less interest over the life of the loan.

Affordable Programs
For first time buyers, there are several affordable mortgage programs with down payments as low as 3%, and flexible qualifying guidelines. Fill out our online loan form for more information!

Find out more about “Adjustable Rate Mortgages” and compare loan options and benefits!

Use our quote form, a mortgage feature on California Mortgage & Home Equity Loans, Co. to locate a lender in your area offering the mortgage product that best suits your needs. The independent lender you select will work with you to help find a low-cost mortgage that meets your needs. Apply today!