30 Year Mortgage & Home Loan Rate Information
The 30 Year Home Mortgage Term Loan is a classic and long-standing mortgage term for home loans. The lower monthly payments associated with this term length allow middle income families to be home owners. Learn more about 30 Year Loans and why they might improve your family's financial standing below.
Why choose a 30 Year Mortgage over Shorter Mortgage Loan term?
A 30 Year mortgage on your home offers the lowest monthly payment of any loan term. This can allow buyers to afford a more highly valued home than they otherwise could on a shorter lease term. These mortgages are also offered at a fixed rate, so you always know what your monthly payment will be. And if interest rates fall, refinancing options are still available.
30 Year Mortgage rates allow families to keep as much of their liquid capital as possible. With its longer term, borrowers can accrue savings, or invest in other assets. Many homeowners see this financial wiggle room as being more beneficial than lower interest payments, and are willing to pay more in the long run for the added security of a 30 Year loan. This is important in case of any medical emergencies or other unforeseen expenses that will require you to have cash on hand.
Since 30 Year home loans often have a low interest rate, as compared to credit cards or other high interest rate products, it's also a wise idea to pay the higher interest bills before the lower interest ones anyhow.
Want to learn more about the 30 Year Home Loans offered by US Mortgages?
The security and stability of a 30-year home mortgage makes its advantages obvious. If you want to learn more about the 30 Year Home Loan rates we offer, please let us know how to get in touch with you. One of our Mortgage Loan Officers or Personal Loan Consultants will be in touch as soon as we receive your contact information. Another way to learn more about 30 Year Home Loans is by calling us directly. If you're ready to take the plunge and begin the process of pre-qualification, feel free to start now using our short and long form applications, available online.