Maine fixed-rate mortgages
Fixed rate mortgages (FRMs) are a popular option among borrowers looking to buy single-family homes. They’re conservative and safe because the interest and payment terms will never change during the life of the loan. FRMs can be amortized over 10-, 15-, 30- and even 40 years, but you’ll likely be offered the best rate on the shortest periods. Besides the lowest rate, you’ll pay the least amount of interest over the loan term, saving you even more. Although tempting, be sure to choose the loan term that’s most affordable.
