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Hurricane Watch 2009
Presented as a Public Service by:
 National Community Reinvestment Coalition
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Fixed Rate
Fixed Rate Mortgages – 15 Year Mortgages
May 18, 2008
This is a fixed rate mortgage with a shorter than usual term of only 15 years.
Fixed Rate Mortgages – 20 Year Fixed Mortgage
May 18, 2008
This is a medium length fixed rate mortgage with a term of 20 years.
Fixed Rate Mortgages –30 Year Fixed Mortgage
May 18, 2008
The 30 year fixed mortgage is the most used and thereby considered the most traditional mortgage product.
Fixed Rate Mortgages – 40 Year Fixed Rate
May 18, 2008
Ten additional years beyond the industry standard, 40-year fixed mortgages are becoming more popular as housing costs increase.
Fixed Rate Mortgages – Bi-weekly
May 18, 2008
The Bi-weekly mortgage requires a mortgage payment every two weeks instead of monthly.
Fixed Rate Mortgages: Expanded Approval with Timely Payment Rewards
May 18, 2008
The Expanded Approval with Timely Payment Rewards is a mortgage option for borrowers with less-than-perfect credit.
Fixed Rate: InterestFirst Mortgage
May 18, 2008
InterestFirst is a mortgage product where borrowers only pay the interest, not any of the principal of the loan. |
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