A "fixed-rate" mortgage comes with an interest rate that won't change for the life of your home loan. A "conventional" (conforming) mortgage is a loan that conforms to established guidelines for the size of the loan and your financial situation.
With a fixed-rate mortgage, the interest rate won't change for the life of your loan, protecting you from the possibility of rising interest rates.
Conventional fixed-rate mortgages are available for refinancing your existing mortgage, too. We offer amortization terms from 10 - 30 years.
Conventional fixed-rate mortgages are a popular option, but they're not the only option. Contact Residential Funding Consultants to learn more and find out which mortgage option may be the best fit for you.
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