Legal Information Nevada
Insurance Information Nevada
General Information Nevada
Finance Information Nevada
Privacy Disclaimer Website Credits
Rosenfeld Real Estate Law Group Nevada  
Real Estate Law Information Nevada Real Estate Development Nevada Real Estate Transaction Nevada The Rosenfeld Law Nevada

Call TODAY!
(702) 386-8637

Home Fimr Overview Attorney Profiles Request Info Contact Info

Information Overview

  Fixed Rate Mortgage

 

   Legal Focused Topics 

Structural Failures and/or Collapses
Mold Liability and Management
Construction/Building Claims and Disputes
Bid Protests and Disputes
Construction Mediation
Construction Insurance Procurement and Negotiations
Contract Law
Property Law
Fair Housing Act
Eminent Domain
Landlord Tenant Law
Fair Housing Act
Covenants and Conditions

  Insurance Topics

Insurance Coverage and Disputes
Homeowner’s Insurance
Home Title Insurance

  General R/E Topics

Dual Agency
Real Estate Development
Real Estate Overview
Real Estate Transactions
Home Inspection
Real Estate Agent
Real Estate Broker
Zoning and Permits
Deed of Trust

  Finance Topics

Fannie Mae
Taxpayer Relief Act
Real Estate Investment
Real Estate Property Tax Planning and Appeal
Real Estate Finance
Fixed Rate Mortgages
Adjustable Rate Mortgage
Liens
Promissory Note
Refinancing
Foreclosures
Mortgage Broker
 

Fixed Rate Mortgage NevadaA fixed rate mortgage is a mortgage that is given at a fixed rate of interest. Thus the interest rate and the monthly payments are not affected by changes in the economic index. Today’s market economics show that now is an excellent time to consider a fixed rate mortgage. This is because today’s market conditions practically guarantee a low mortgage rate.

Benefits

With a fixed rate mortgage, you can be ensured that you will benefit from low interest rates for the entire term of your mortgage. This is because the rate remains fixed through dynamic market conditions. This is a good option if you do not foresee any substantial income increases in the future, are seeking the security of knowing the interest rates you will pay over the life or the loan and are getting the desired amount of a loan. A fixed rate mortgage is perfect for anyone who likes to budget monthly expenses and plans to keep their home for several years.

Adjustable Rate Mortgage

This is the other option to consider while taking a mortgage. Here the interest rate is adjusted as per changing economic conditions. Although the initial payments are lesser, these loans involve more risk as the interest rate varies. Also a fixed rate mortgage is more secure as you know that the monthly payment you will give is fixed for the life of the loan. This will occur regardless of rising interest rates, and you are also likely to have a lower down payment. Alternatively if you already have a mortgage and are looking for a second one you can also consider home equity loans, mortgage refinancing and debt consolidation.

 
 

Comments/Questions

name:

phone:

e-mail:

message:

Home  l  Firm Overview  l Attorney Profiles  l  Request Info  l  Contact Us  l Privacy  l  Disclaimer  l Credits  l Sitemap