Albert Lopez

NMLS# 910148

Branch Manager, Producing

Fixed-Rate Mortgages

What is a Fixed-Rate Mortgage?

With a Fixed-Rate Mortgage, the interest rate does not change during the entire term of the loan. Academy Mortgage offers 30-year, 25-year, 20-year, 15-year, and 10-year Fixed-Rate Mortgages.

Comparison of 30-Year Fixed-Rate Mortgages and 15-Year Fixed-Rate Mortgages

30-Year Fixed-Rate Mortgages
  • Amortized over 30 years.
  • Have a higher interest rate than most other programs.
  • Lower monthly payments.
15-Year Fixed-Rate Mortgages
  • Amortized over 15 years.
  • Mortgage is paid off twice as fast.
  • Monthly payments are significantly higher.
  • Amount of interest paid over the life of the loan is considerably lower.

What are the benefits of a Fixed-Rate Mortgage?

Fixed-Rate Mortgages offer the following features:

  • Monthly mortgage payment never changes over the life of the loan.
  • Interest rate is locked and not subject to market fluctuations.
  • There are no associated mortgage indexes, margins, or caps.
  • Stability and certainty.

Who may benefit from a Fixed-Rate Mortgage?

Fixed-Rate Mortgages are ideal for buyers looking for a low-risk mortgage product with a set monthly payment for the duration of the loan.

For more information

Contact your Loan Officer today to see if a Fixed-Rate Mortgage is the right solution for you. We take pride in delivering value and savings to homebuyers across the United States. It would be a pleasure to help.

NMLS# 910148

State Lic: CA: CA-DBO910148;

Corp Lic: CA: 4170013;

Licensed by the Department of Business Oversight Under the California Residential Mortgage Lending Act;