Fixed Rate Mortgage Loans (FRM)

Fixed Mortgage Rate in Hoboken, NJ – Serving New York – Manhattan, New Jersey, California, Connecticut, & Florida

If you’re like most people, paying a mortgage is something you’re probably going to end up doing for a very long time. That’s why when it comes to your mortgage, your safest bet may be to lock in a rate that won’t come with any hidden surprises. At Northstar Funding, we offer some of the most competitive Fixed Rate Mortgages in Hoboken, NJ. Whether you’re looking for a 15-year loan or a 30-year loan, a fixed rate mortgage could be your ticket to financial stability in a world of economic uncertainty.

Fixed-RatesA mortgage that has a fixed interest rate for the entire term of the loan. The distinguishing factor of a fixed-rate mortgage is that the interest rate over every time period of the mortgage is known at the time the mortgage is originated. The benefit of a fixed-rate mortgage is that the homeowner will not have to contend with varying loan payment amounts that fluctuate with interest rate movements.

There is typically a tradeoff when it comes to choosing a mortgage between risk and reward, or between an adjustable-rate mortgage and a fixed-rate mortgage. Depending on market conditions (the shape of the yield curve), an adjustable-rate mortgage might have a large initial payment advantage over a fixed-rate mortgage. However, if such a scenario exists, there is a probability that the payments on the adjustable-rate mortgage will rise over time. Mortgage borrowers need to understand and measure risks when deciding between an adjustable-rate and fixed-rate mortgage.

Helping You Through the Process

When you enlist the services of Northstar Funding, a dedicated professional will thoroughly evaluate your financial circumstances to help you qualify for a fixed rate mortgage loan that works within your budget. Our goal is to get you the most favorable rate available, all the while working to answer your questions and make the application process as smooth and simple as can be.

Your home is one of the greatest investments you’ll ever make, so don’t take chances with your mortgage. Contact Northstar Funding today to lock in a fixed rate loan, and take a load off your mind for the long haul.