Get To Know the Many Mortgage Options Available at Police Mortgage, created
for First Responders Who Are Second to None!
A Fixed-Rate Mortgage features a set interest rate that stays the same through the entire term of the loan.
The rate included on your closing disclosure is the same rate you’ll have for the length of your repayment term, unless you refinance your mortgage.
Two common fixed-rate options are 15- and 30-year mortgages. Unlike some other types of mortgage loans that have variable rates, fixed-rate loans offer more stability and predictability to help you better budget for housing costs.
Pro:
Predictable monthly payments.
Con:
Potential future refinance to take advantage of lower rates.
Best For:
Buyers planning to stay in their homes longer.
Get To Know the Many Mortgage Options Available at Police
Mortgage, created for First Responders Who Are Second to None!
Check out the Mortgage Beat, presented by Police Mortgage, created For First Responders Who Are Second to None! Enjoy weekly tips and updates by Police Mortgage CEO John Aretos, who has been serving the homebuying needs of families in Law Enforcement for nearly two decades.
To learn more and listen to current episodes, please visit the Mortgage Tips page on the Police Mortgage website.
“Home is the nicest word there is.”
Laura Ingalls Wilder
Pre-qualification and pre-approval sound alike, but only one – pre-approval – positions you as a serious buyer with real estate agents and sellers.
In today’s hyper-competitive market, agents generally require you to be pre-approved prior to showing you properties.
Refinancing a house means you replace your current mortgage with a new mortgage with more favorable terms. Whether or not you should refinance depends on whether doing so will save you enough money.
Check out our flipbook for a quick glossary of terms to help you navigate the home buying process:
To speak with a Loan Officer or to secure your free,
same-day Mortgage Pre-Approval, contact Police Mortgage, created for First Responders Who Are Second to None!
Contact Police Mortgage to secure your free, same-day Mortgage Pre-Approval. And, don’t forget, Police Mortgages qualify for Killed in the Line of Duty Loan Protection!
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