Thirty-year fixed-rate mortgages are one of the most popular mortgage options. In this mortgage, the interest rate stays the same over the life of the loan, meaning steady and unchanging payments month to month. Borrowers pay principal towards the actual loan amount, and interest on that loan, which is tax-deductible. As principal is paid over time, homeowners build equity in their home. With normal payments, the loan is fully amortized (paid off) in 30 years.
Largest Cities in Massachusetts:
Andover
Attleboro
Barnstable Town
Belchertown
Bellingham
Boston
Bourne
Brewster
Bridgewater
Brockton
Brookline
Cambridge
Chicopee
Dennis
Duxbury
Fall River
Falmouth
Framingham
Groton
Haverhill
Hingham
Hopkinton
Lawrence
Leominster
Lowell
Lynn
Malden
Marshfield
Medford
Methuen
New Bedford
Newton
Peabody
Pittsfield
Plymouth
Quincy
Revere
Salem
Sandwich
Scituate
Sharon
Somerville
Springfield
Taunton
Walpole
Waltham
Westborough
Westfield
Weymouth
Worcester
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.
Massachusetts
