Salary Based Mortgage Consultants Can Prequalify You
In 10 Minutes and Close In As Fast As 10 Days
Call Now -

Questions?

30 Year Mortgage Breakdown and Benefits

30-Year Loan Breakdown

Are you purchasing your dream home for the long haul? If so, you may want to consider a 30-year fixed-rate mortgage. Historically, the 30-year fixed loan is the mortgage industry's most popular type of loan; if your parents or your grandparents had a loan, chances are, it was a 30-year fixed loan. So what is a 30-year fixed loan? It's a loan that has a repayment term of 30 years and your payments will spread out equally over three decades and at an interest rate that is locked in when the loan is finalized. The benefits of a 30 year mortgage make it one of the most popular loans for a number of reasons. One of the benefits of this loan option is that there are no surprises. Since the rate is "fixed" payments over the life of the loan will always be the same, which makes things easier for managing your budget and finances. Although the 30 year fixed loan is the most popular it may not be the best financial option for you. There are more mortgage options today than ever before. American Financing's salaried-based mortgage consultants will help you to determine which home loan fits with your financial situation.

The prequalification process only takes 10 minutes so call today (866) 750-6551 or complete the online purchase application and start shopping for your new home.

Prequalify In 10 Minutes & Save

First Name is required
Last Name is required
Phone Number is required
By submitting this form, I am providing express consent for American Financing to call me, including through the use of an automated dialer, at the number above, even if my telephone number is listed on any Do-Not-Call list. I understand that my consent is not required as a condition of purchasing any good or service.