When it comes to securing the best possible mortgage rates, we have numerous options. Whether you are purchasing a new home or looking to refinance your existing property, a fixed-rate mortgage can be beneficial if you plan to stay in your home for an extended period of time.
Is a fixed-rate loan right for you?
Fixed-rate mortgages allow our customers to secure a loan and lock that rate in place for the life of the mortgage. This means your monthly payment will not change throughout the term of your loan. This will help you put an effective long-term financial plan in place and more easily budget for your monthly payments.
While we offer a handful of options, the 30 year and 15 year fixed rate are the most popular. So what is the difference?
30 year fixed-rate mortgage: For those looking to be in their home for the long term, our 30 year-fixed will allow for the most affordable fixed monthly mortgage payment
15 year fixed-rate mortgage: For those who want to save the maximum in overall interest paid as part of an overall financial plan, a 15 year fixed-rate can help achieve your goal. Or, for those looking to pay off their mortgage in a shorter amount of time – having a lower mortgage rate and shorter loan term – this loan usually means less interest payments, over the life of the loan. This means saving the homeowner more money on their mortgage overall!
With our fixed rate mortgage options you can:
- Refinance up to 95% of your primary home’s value. (Up to 97% if it is FNMA-owned refinance)
- Buy a primary residence with as little as 5% down. (3% down for first time homebuyer)
Why choose Lenox/WesLend as your lender?
By securing a fixed-rate loan with Lenox/WesLend, you can be prepared for financial hurdles that might come your way. Our mortgage advisors are highly knowledgeable in helping select the right loan and monthly payment to suit your needs. At the end of the day, we want our customers to be able to afford the home and lifestyle they desire.
We close loans fast – in just over 30 days on average – and whether it is your intention to be in a home for a short period of time, or for many years to come, our mortgage advisors’ personalized service will be with you every step of the way.
Know where you stand
With a fixed-rate mortgage, you can be comfortable knowing the interest rate you qualify for is not going to increase over the years. Have the confidence to move forward with your homeownership goals by partnering with Lenox/WesLend today.
Interest rates are still low. Apply today to lock in your low rate!
You have many options for fixed-rate mortgages:
- 30 Year
- 25 Year
- 20 Year
- 15 Year
- 10 Year
Other loan programs you may be interested in…
*No closing costs options are NOT available in Washington.