Everybody knows that there is a 30 year fixed rate and a 15 year fixed rate but most people are surprised when I tell them that they could also do a 10 year fixed rate.
I'm not talking about a 10 year ARM that is amortized over 30 years. This is actually a 10 year fixed rate amortized for 10 years and paid off in 10 years.
This is a loan program for those that hate debt and want some forced discipline to pay the loan off extremely quick. The interest rates on this program are great also.
Today the 10 year fixed rate is 4.0% (APR 4.122%).
This could be a great loan for somebody that only has 10 years left on their 30 year mortgage but is paying a much higher interest rate.
If you are interested in exploring what the 10 year mortgage can do for you, call me today at 435-755-2177. I look forward to exceeding your expectations.
About the Author
John Neil is a loan officer that is passionate about his profession. His goal with every transaction is to make a customer for life. The result is that 95% of his business comes from referrals of satisfied clients. If you need a cache valley mortgage, you can contact John at 435-770-2709. You can also follow him on twitter @LoganUTMortgage or facebook @facebook/MortgageNerd
