Fixed-rate Mortgages Georgia

A fixed-rate mortgage is a mortgage where the interest rate is set for the term of the loan. Your interest rate stays the same for the term of the mortgage or for a specified period of time.

Local Companies

Capitol City Bank & Trust Company
(404) 752-6067
562 Lee St SW
Atlanta, GA
A & C Mortgage LLC
(678) 822-0400
3042 Oakcliff Rd
Atlanta, GA
AAA Direct Mortgage
(770) 448-7796
3955 Pleasantdale Rd
Atlanta, GA
Cummings Mortgage Co.
706-295-7165
111 Bridgepoint Plaza Ste 302
Rome, GA
Countrywide Mortgage Corporation
770-414-6600
100 Colony Square, 1175 Peachtree St.
Atlanta, GA
Novation Mortgage
678-698-3557
2501 E. Piedmont Road
Marietta, GA
Option 1 Finanical
678-232-0828
2380 Buford Dr Suite 106-328
Lawrenceville, GA
1st American Capital LLC
(404) 588-5500
191 Peachtree St Ne
Atlanta, GA
American Equity Mortgage
770-955-5700
200 Galleria Pkwy SE
Atlanta, GA
Allied Home Mortgage Capital Corp.
770-939-7075
2179 Northlake Pkwy
Tucker, GA

A Fixed Rate mortgage will offer you the security of knowing that your mortgage interest rate will not change during the term of your fixed rate. For example, a lender can offer a 30-year fixed loan to a homebuyer at a 6.5% interest rate. The loan is locked in to the 6.5% interest rate, even if the market interest rate rises to 8.0%. Conversely, if the market interest rate decreases to 4.5%, you will continue to pay the 6.5% interest rate. A Fixed-Rate Mortgage applies the same interest rate toward monthly loan payments for the life of the loan.

Features:

- Straightforward and easier to understand than Adjustable Rate Mortgages (ARMs).

- More secure for the buyer and very popular with first-time home buyers.

- Ideal for anyone who likes to budget monthly expenses and plans to keep their home for several years.

- Since the risk to the lender is higher, fixed-rate mortgages generally have higher interest rates than Adjustable Rate Mortgages (ARMs).

- Tend to have higher initial monthly payments compared to those of adjustable rate mortgages.

- Fixed-rate mortgages are less flexibility than adjustable rate mortgages.

With adjustable rate mortgages the interest rate is not fixed, but changes during the life of the loan in line with movements in an index rate. The advantage of an Adjustable Rate Mortgage is that you may be able to afford a more expensive home because your initial interest rate will be lower. In a fixed-rate mortgage, your interest rate stays the same for the term of the mortgage.

About the Author:

Copyright © 2005.

Chileshe Mwape writes for The Secured Personal Loans Website at: http://www.secured-personal-loan.org.uk/ and he’s also a regular contributor to the Fixed-rate Mortgages blog at http://www.fixed-rate-mortgages.blogspot.com/

This article may be reprinted online as long as all the above links are active and clickable.


Article Source:

thePhantomWriters Article Submission Service

Featured Local Company

Capitol City Bank & Trust Company

(404) 752-6067
562 Lee St SW
Atlanta, GA

Regional Articles
- Fixed-rate Mortgages Acworth GA
- Fixed-rate Mortgages Albany GA
- Fixed-rate Mortgages Alpharetta GA
- Fixed-rate Mortgages Americus GA
- Fixed-rate Mortgages Athens GA
- Fixed-rate Mortgages Atlanta GA
- Fixed-rate Mortgages Augusta GA
- Fixed-rate Mortgages Austell GA
- Fixed-rate Mortgages Baxley GA
- Fixed-rate Mortgages Blairsville GA
- Fixed-rate Mortgages Brunswick GA
- Fixed-rate Mortgages Buford GA
- Fixed-rate Mortgages Calhoun GA
- Fixed-rate Mortgages Canton GA
- Fixed-rate Mortgages Carrollton GA
- Fixed-rate Mortgages Cartersville GA
- Fixed-rate Mortgages Cedartown GA
- Fixed-rate Mortgages Chatsworth GA
- Fixed-rate Mortgages Columbus GA
- Fixed-rate Mortgages Conyers GA
- Fixed-rate Mortgages Cordele GA
- Fixed-rate Mortgages Covington GA
- Fixed-rate Mortgages Cumming GA
- Fixed-rate Mortgages Dacula GA
- Fixed-rate Mortgages Dahlonega GA
- Fixed-rate Mortgages Dallas GA
- Fixed-rate Mortgages Dalton GA
- Fixed-rate Mortgages Dawsonville GA
- Fixed-rate Mortgages Decatur GA
- Fixed-rate Mortgages Douglas GA
- Fixed-rate Mortgages Douglasville GA
- Fixed-rate Mortgages Dublin GA
- Fixed-rate Mortgages Duluth GA
- Fixed-rate Mortgages Eatonton GA
- Fixed-rate Mortgages Elberton GA
- Fixed-rate Mortgages Ellenwood GA
- Fixed-rate Mortgages Ellijay GA
- Fixed-rate Mortgages Evans GA
- Fixed-rate Mortgages Fairburn GA
- Fixed-rate Mortgages Fayetteville GA
- Fixed-rate Mortgages Fitzgerald GA
- Fixed-rate Mortgages Flowery Branch GA
- Fixed-rate Mortgages Forest Park GA
- Fixed-rate Mortgages Fort Benning GA
- Fixed-rate Mortgages Fort Valley GA
- Fixed-rate Mortgages Gainesville GA
- Fixed-rate Mortgages Griffin GA
- Fixed-rate Mortgages Grovetown GA
- Fixed-rate Mortgages Hartwell GA
- Fixed-rate Mortgages Hephzibah GA
- Fixed-rate Mortgages Hinesville GA
- Fixed-rate Mortgages Jesup GA
- Fixed-rate Mortgages Jonesboro GA
- Fixed-rate Mortgages Kennesaw GA
- Fixed-rate Mortgages Kingsland GA
- Fixed-rate Mortgages La Fayette GA
- Fixed-rate Mortgages Lagrange GA
- Fixed-rate Mortgages Lawrenceville GA
- Fixed-rate Mortgages Lilburn GA
- Fixed-rate Mortgages Lithia Springs GA
- Fixed-rate Mortgages Lithonia GA
- Fixed-rate Mortgages Loganville GA
- Fixed-rate Mortgages Mableton GA
- Fixed-rate Mortgages Macon GA
- Fixed-rate Mortgages Marietta GA
- Fixed-rate Mortgages Mcdonough GA
- Fixed-rate Mortgages Milledgeville GA
- Fixed-rate Mortgages Monroe GA
- Fixed-rate Mortgages Morrow GA
- Fixed-rate Mortgages Moultrie GA
- Fixed-rate Mortgages Newnan GA
- Fixed-rate Mortgages Norcross GA
- Fixed-rate Mortgages Peachtree City GA
- Fixed-rate Mortgages Powder Springs GA
- Fixed-rate Mortgages Ringgold GA
- Fixed-rate Mortgages Riverdale GA
- Fixed-rate Mortgages Rockmart GA
- Fixed-rate Mortgages Rome GA
- Fixed-rate Mortgages Rossville GA
- Fixed-rate Mortgages Roswell GA
- Fixed-rate Mortgages Saint Simons Island GA
- Fixed-rate Mortgages Savannah GA
- Fixed-rate Mortgages Sharpsburg GA
- Fixed-rate Mortgages Smyrna GA
- Fixed-rate Mortgages Snellville GA
- Fixed-rate Mortgages Statesboro GA
- Fixed-rate Mortgages Stockbridge GA
- Fixed-rate Mortgages Stone Mountain GA
- Fixed-rate Mortgages Suwanee GA
- Fixed-rate Mortgages Thomaston GA
- Fixed-rate Mortgages Thomasville GA
- Fixed-rate Mortgages Thomson GA
- Fixed-rate Mortgages Tifton GA
- Fixed-rate Mortgages Toccoa GA
- Fixed-rate Mortgages Tucker GA
- Fixed-rate Mortgages Valdosta GA
- Fixed-rate Mortgages Vidalia GA
- Fixed-rate Mortgages Villa Rica GA
- Fixed-rate Mortgages Warner Robins GA
- Fixed-rate Mortgages Waycross GA
- Fixed-rate Mortgages Winder GA
- Fixed-rate Mortgages Woodstock GA
Related Local Event
2Nd Annual Real Estate Industry Day
Dates: 9/18/2009 - 9/18/2009
Location: Holiday Inn Decatur
Decatur, GA
View Details

Rss   Delicious   Digg   Add To My Yahoo   Add To My Google   Bookmark   Search Plugin

Topics:
Advertising Family Home Services Real Estate Resources
Business Services Fashion Industrial Goods & Services Retail & Consumer Services
Career Financial Services Insurance Software
Cars Food & Beverage Internet Technology
Computer Hardware Franchise Legal Telecommunications
Construction Health Miscellaneous Trade Shows
Education Holidays Nightlife Travel
Entertainment Home Appliances Online Database Weddings
Environmental Home Electronics Pets World History