When it’s time to apply for a mortgage, many people find that they are overwhelmed by all of their options. A 30 year fixed mortgage in Jacksonville Beach may be the right choice for some buyers. Here are some of the advantages of choosing this type of mortgage.
Predictability
One of the remarkable things about a 30 year fixed mortgage in Jacksonville Beach is that the monthly mortgage payments are predictable. Borrowers won’t have to worry about their payments continually going up every single year.
Flexibility
For those that want to have the ability to pay more towards the principal of their mortgage whenever they’d like, a 30 year fixed mortgage is a great option. There are no prepayment penalties, no matter how quickly they pay off their mortgage.
Easy for Borrowers to Qualify For
Many home buyers can qualify for this type of loan because it’s easy to be eligible for. Because monthly payments tend to be smaller than other types of loans, they often can afford to buy more expensive houses. It’s not uncommon for borrowers with a low annual income to choose this type of loan.
The Mortgage Lady Team – Fairway Independent Mortgage Corporation has helped many individuals find a mortgage for the home they want to buy. In addition to home loans, they can also help individuals with loans for renovations or discuss their options for refinancing a home. Contact The Mortgage Lady Team – Fairway Independent Mortgage Corporation to learn more about all of the different products they offer.
