A fixed rate mortgage, like the name implies, maintains the same interest rate throughout the entire life of the loan. Borrowers can get this fixed rate mortgage usually in 10, 15, or 30 year terms. The 30-year fixed-rate mortgage is particularly good for the homebuyer who wishes to know how much the house payment will be every month; the payment is lower than other mortgage options and never varies from month to month. Borrowers pay down the actual loan (principal) and interest, building equity over time. The 30-year fixed-rate mortgage is particularly useful and helpful for homeowners who plan to live in the home for 10 years or more.
Largest Cities in North Carolina:
Apex
Asheboro
Asheville
Burlington
Carrboro
Cary
Chapel Hill
Charlotte
Clemmons
Concord
Cornelius
Durham
Elizabeth City
Fayetteville
Fort Bragg
Garner
Gastonia
Goldsboro
Greensboro
Greenville
Havelock
Hickory
High Point
Holly Springs
Huntersville
Indian Trail
Jacksonville
Kannapolis
Kernersville
Kinston
Lenoir
Lexington
Lumberton
Masonboro
Matthews
Monroe
Mooresville
Morganton
New Bern
Raleigh
Rocky Mount
Salisbury
Sanford
Shelby
Statesville
Thomasville
Wake Forest
Wilmington
Wilson
Winston-Salem
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.
North Carolina
