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Fixed-rate Mortgages South Carolina

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

IMS Mortgage
803-831-5626
4341 Charlotte Hwy Ste 201
Lake Wylie, SC

Preferred Choice Mortgage
(864) 834-5336
600 hwy. 25 North
Travelers Rest, SC

Peoples Mortgage Services
864-231-7778
3901 Clemson Blvd
Anderson, SC

Flagship Mortgage
864-990-8244
801 East North Street
Greenville, SC

BankLine Mortgage Corporation
864-255-3173
15 Whitsett Street
Greenville, SC

ANDERSON INVESTMENT MORTGAGE
864-261-9771
507 NORTH MAIN ST
ANDERSON, SC

First Home Equity Loans
864-286-9063
103 Sunset Dr Suite A
Mauldin, SC

Indigo Financial Group
(843) 597-8227
1500 Hwy 17 N
Surfside Beach, SC

TRINITY MORTGAGE & FINANCIAL GROUP, LLC
803-796-0850
604 12TH STREET
WEST COLUMBIA, SC

First Charleston Mortgage
(843) 884-7004
510 Mill St
Mount Pleasant, SC

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:

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.

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Featured Local Company

IMS Mortgage

803-831-5626
4341 Charlotte Hwy Ste 201
Lake Wylie, SC
http://www.lendinglocal.com

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Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
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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