30-Year Fixed-Rate Mortgage

Explore the Most Popular Loan Option in the Country

About 30-year fixed-rate mortgages

A Loan to Fit All Buyers

30-year fixed-rate mortgages are often chosen for their stability, allowing you to keep a stable interest rate over the term of your loan. 30-year fixed-rate mortgages are so popular that approximately 90% of American buyers choose them.

If you’re seeking a loan that confers stability, and a clear mortgage road map, a 30-year fixed-rate loan is a great option for homebuyers of all stripes. At Federal Hill Mortgage, we’re dedicated to delivering the best rates we can find through our brokerage and lending services. 

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To secure your 30-year fixed-rate mortgage, we recommend you start by seeking pre-approval. Pre-approval helps streamline the mortgage shopping process by getting the information exchange going with your broker, allowing them to more quickly process a loan application. It also helps you get an idea of what you can afford while home shopping

Now it's time to apply for your loan. Unlike pre-approval, getting approved for your loan is a longer and more in-depth process that touches every aspect of your financial health and history. 

It's time to find your dream home! Choosing a qualified realtor will help you make wise home-buying decisions. Once you have selected the perfect home, it's time to close your loan with the professional help of your Maryland mortgage brokers at Federal Hill Mortgage. 

understanding fixed-rate mortgages

What you need to know about a 30-year fixed-rate mortgage

30-year fixed-rate mortgages offer specific advantages that make them so popular. Because the loan term is longer than other fixed-rate offerings, your monthly payments are often lower. However, the beauty of a 30-year fixed-rate mortgage is that you have the flexibility to make larger payments if it becomes financially viable. However, you always have the lower required monthly payment to fall back on should the situation require it. What also comes with this loan is predictability. Regardless of where the market goes, you can count on the fact that your interest rate will remain the same of the loan’s life. 

30-year fixed-rate mortgages are a great option for home buyers of all stripes, and the expert team at Federal Hill Mortgage can’t wait to help make your home buying dreams a reality. 

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At Federal Hill Mortgage, our success story is the memories you get to create in your new home. We believe that you should have attentive, professional, and effective mortgage brokers and lenders ready to help you find the right conventional loan.