A 30-year fixed mortgage is a different type of home loan with a steady interest rate for 30 years, offering stability and monthly payments that remain constant.
It's a popular choice among homebuyers who intend to stay in their house for more than a duration of 7 years because it offers lesser monthly payments than shorter-term mortgages like 15-year home loans.
While thirty-year fixed-rate mortgages may carry somewhat higher interest rates than 15-year mortgages, the extended repayment period of 30 years results in reduced monthly payments, making it easier for borrowers to qualify.
Hence, obtaining approval for a 30-year fixed mortgage is typically simpler than for a fifteen-year home loan.
Borrowers with good credit, steady income, and a low debt loan can easily get a thirty-year fixed-rate home loan.
Wave Lending Group in Puyallup provides 30-year fixed mortgage loans. Our team's mission is to help with every step of the thirty-year fixed-rate home loan and then direct you throughout the application and approval process, making it more convenient and painless.
Contact us today to make homeownership accessible and affordable for you!
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