Security and steadiness are the hallmarks of the 30-year fixed-rate mortgage. The interest rate remains the same from day one, meaning borrowers never have to worry about the interest rate increasing payments, and can depend on the same bill amount from month to month and year to year. As years go by borrowers are paying down the principal on the mortgage, increasing equity in the home. A 30-year fixed-rate mortgage does have the drawback of paying more interest over the length of the loan, compared with shorter-term loans.
Largest Cities in Ohio:
Akron
Austintown
Beavercreek
Boardman
Bowling Green
Brunswick
Canton
Cincinnati
Cleveland
Cleveland Heights
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.
Ohio
