30-Year Fixed-Rate Loans: Long-Term Stability
Are you considering purchasing a home and looking for terms that meet your unique financial needs and goals for the future? The team at First Liberty Funding Corporation is your local partner in lending. Our certified mortgage professionals work closely with each client to understand his or her unique financial goals and recommend best-suited home loan options. We help clients in San Diego, CA, and surrounding Southern California communities find long-term, affordable financing. Our 30-year fixed-rate loans are a popular conventional financing option with flexible terms and competitive rates. Contact First Liberty Funding Corporation today to learn more and get started on the path to home ownership.
What is a 30-Year Fixed-Rate Loan?
30-year fixed-rate loans are a common type of conventional mortgage. Conventional mortgages are home loans with competitive rates that are not in any way regulated or insured through the federal government. 30-year fixed-rate loans are a popular type of conventional mortgage with low monthly payments compared with shorter-term mortgages. Because this type of home financing has a fixed rate, monthly payments never change for the life of the mortgage.
It is important to note that 30-year fixed-rate mortgages cost more long-term than 15-year fixed-rate mortgages. Because monthly premiums are extended over a longer period of time, they feature lower monthly payments that are attractive to many borrowers. As you begin to explore your mortgage options, the First Liberty Funding Corporation mortgage professionals can help you compare different-term conventional mortgage options.
Am I Eligible for a 30-Year Fixed-Rate Loan?
To determine if you are eligible for a 30-year fixed-rate loan, a mortgage professional with the First Liberty Funding Corporation will evaluate your current financial situation, credit score and credit history. We evaluate each client on a case-by-case basis to determine eligibility.
It is important to note that with a larger down payment and a better credit score, you can get better interest rates and terms for a 30-year conventional mortgage. However, we accept clients from many different backgrounds and can help find a solution for your unique needs even if you have negative marks on your record. We offer nonconventional, government-backed loans for clients with less-than-great credit history.
If you already own a home, you may want to consider refinancing to a 30-year fixed-rate loan, especially if you can get a lower interest rate.
A Step Closer to Home Ownership
The team at First Liberty Funding Corporation is here to answer your questions and help you get a great rate. Our top lenders provide competitive rates while our mortgage professionals provide the personal attention you deserve when considering the purchase of a home. If you live in San Diego, CA, or surrounding neighborhoods, contact us to discuss a 30-year fixed-rate loan to finance your dream home today.