All Western Mortgage | Fixed Rate Home Loans

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All Western Mortgage

• Fixed Rate Home Loans Pros and Cons

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• When it comes to buying a home, homeowners have
  various mortgage options to choose from. However,
  fixed rate home loans are the most popular type
  of mortgages in the United States. As the name
  suggests, the interest rate remains fixed
  throughout the term of the loan in this type of
  mortgage and so does your total monthly payments
  of interest and principal.

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Pros and Cons of fixed rate loans

• An FRM loan allows you to accurately predict the
  amount that youll have to pay each month as
  mortgage payment. Thus, allowing you to plan your
  monthly budget easily and accurately.

Pros
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Pros and Cons of fixed rate loans
Pros

• Moreover, FRM loans guarantee payment stability
  throughout the term of the loan and protect the
  homeowners against any future spikes in interest
  rates.

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Pros and Cons of fixed rate loans
Pros

• So, if you consider that interest rates will rise
  in the future, this is the type of mortgage loan
  that you should opt for.

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Pros and Cons of fixed rate loans
Pros

• Also, FRM loans are a great option for first time
  homeowners as they are easier to understand than
  the ARM loans.

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Pros and Cons of fixed rate loans
Cons

• In simpler terms, you can miss out on saving
  money on mortgage payments even if the interest
  rates go lower than the fixed rate that you are
  paying. However, you can take the advantage of
  falling rates by refinancing your loan.

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Pros and Cons of fixed rate loans

• The major disadvantage of opting for a FRM loan
  is that even though you dont have to pay more
  with the rise of interest rates, you also cant
  avail the benefit of falling interest rates.

Cons
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Pros and Cons of fixed rate loans
Cons

• Another major factor that you must consider is
  that fixed rate mortgages are expensive than
  adjustable rate mortgages due to the fact that
  there is no rate break.

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• For more help in understanding FRM loans, you can
  contact All Western Mortgage at 702-850-2790 or
  visit our website www.awmlending.com. We offer
  10 year, 15 year, 20 year, 25 year, and 30 year
  fixed loan options.

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All Western MortgageAddress 8345 W Sunset
Rd,Suite 380, Las Vegas, NV  89113
E-mail info_at_awmlending.comWebsitehttp//www.a
wmlending.com/
Phone [phone]Corporate
702-369-0905Fax [phone]