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30 year fixed mortgage is a type of mortgage loan that is repaid by the borrower making 360 equal monthly payments over a period of 30 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. A 30 year mortgage loan is the most widely accepted program used to finance a residential purchase, and is available for conventional, jumbo, FHA and VA loans.
A 15 year fixed mortgage is a type of mortgage loan that is repaid by the borrower making 180 equal monthly payments over a period of 15 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. A 15 year mortgage loan is the most widely accepted program used to finance a residential purchase, and is available for conventional, jumbo, FHA and VA loans.
Copyright 2004 Lehi Mortgage Services, Inc. All rights reserved.
1073 Hancock
Street Suite 401
Quincy, MA 02169
Tel: 1-617-657-6795
Fax:
1-617-657-6798
info@lehimortgage.com
MA MB3202
CT 16975 (First Mortgage)
CT 16976 (2nd Mortgage)
RI 20001904LB
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