A 30-year fixed-rate mortgage offers you a set rate and payments that do not change throughout the life, or term, of the loan. A portion of each monthly payment goes towards paying back the money you borrowed, the "principal", and the rest is "interest". Any money paid into the value of the house, including your down payment, is known as "equity" in the home. The 30-year fixed-rate mortgage typically features lower payments than other mortgages, with the trade-off of more interest paid over time. Borrowers have the option of arranging a refinance mortgage as the loan progresses in order to take advantage of lower interest rates. Additional Current 30 Years Fixed Rates and No Closing Costs Loans
Largest Cities in Alabama:
Albertville
Alexander City
Andalusia
Anniston
Athens
Auburn
Birmingham
Calera
Clanton
Daphne
Disclaimer
Fixed Rate Mortgage/Adjustable Rate Mortgage Conforming
Rates and fees are quoted on a $200,000 loan for a purchase transaction
of an owner occupied, single-family residence with an 80% loan-to-value ratio.
Rates are subject to change without notice.
Fixed Rate Mortgage/Adjustable Rate Mortgage Jumbo
Rates and fees are quoted on a $450,000 loan for a purchase transaction
of an owner occupied, single-family residence with an 80% loan-to-value ratio.
Rates are subject to change without notice.
“Are you searching for a loan amount of more than $417,000?
Please be aware that recent legislation allows lenders to offer conforming loan rates at a higher loan amount limit based on the county the property is located. For details about the new conforming loan limits, click here.
Alabama
