By Directors Financial Group
Although it is not common for a homeowner to choose the 10 year mortgage program it is a viable option for saving money. Higher monthly payments often steer first time home buyers away. However, utilizing a 10 year fixed mortgage for your refinance could save you money on interest. Also, refinancing with a lower term will lower your mortgage rate.
Find out more information about 10 year mortgages, fixed or adjustable, as we explain different ways to use this program. As always, speaking with a mortgage lender about the 10 year mortgage program can help you determine if this is the right option for you. They will also be able to get you up to date information along with rates.
Whether you are purchasing or refinancing a home, knowing more about mortgage terms can save you money and prepare you to meet your goals on time. Find out more about choosing a mortgage term and the difference between a 10 year, 20 year, 30 year and all the in between mortgage terms available for home buyers and homeowners.
Many homeowners do not know the benefits of a 10 year mortgage. Find out what makes a 10 year mortgage the best option if you can afford to pay the higher monthly payments. It could be the most beneficial loan for saving you money.
2013 Directors Financial Group - All Rights Reserved - Company NMLS ID 177087 Directors Financial Group (ID #2718700006) is an approved lending institution under the Federal Housing Administration (FHA) which is part of the U.S. Department of Housing & Urban Development (HUD). Loans on properties in California will be made or arranged pursuant to a California Department of Real Estate license # 01815326. If we are unable to service your mortgage we will connect you with one of our associated mortgage bankers who can assist you. Interest rate, program terms and conditions are subject to change without notice. Certain restrictions and conditions will apply - not all applicants will qualify. Granting of loan is subject to credit requirements. NMLS Consumer Access
