Conventional

Fixed Rate Conventional Loans

Our 30 year fixed rate of 4.500% (4.642% APR)*
and  
15 year fixed rate of 4.000% (4.178% APR)*
are near record lows.

What is a Conventional Fixed Mortgage?

A conventional fixed rate mortgage where the rate never changes.  Both 15 and 30 year fixed rate mortgages are great choices if you are planning on staying in your home for 5 or more years.  The 30 offers a lower payment at a slightly higher rate.  The 15 year is ideal for those that want to pay off the home quickly and save tens of thousands in interest.

Is a Conventional Fixed Mortgage Right for you?

To decide if a 30 year fixed mortgage is right for you, ask yourself these four things:

  • How Long Are You Planning On Staying In Your Home?
    If you’re considering getting a fixed rate mortgage, you should also be planning on staying in your home for more than 5-7 years.
  • Do You Prefer Your Monthly Mortgage Payment To Stay The Same?
    Fixed rate mortgages are famous for having an interest rate that doesn’t change for the entire life of the loan, keeping your mortgage payments the same month-after-month, for as long as you keep the loan.
  • Do You Want a Low Mortgage Payment?
    If so, you may want to choose a 30 year loan.  Due to the long nature of this loan, a 30 year fixed rate mortgage makes your monthly mortgage payments more affordable in comparison to shorter length fixed rate mortgages (like a 15 year fixed rate mortgage). You end up paying more interest over the 30 years, but the principal repayment is spread over that same time period, which gives you more manageable payment amounts.
  • Do You Want to Pay Less Interest?
    If so, you may want to choose a 15 year loan.  Due to the shorter nature of this loan, a 15 year fixed rate mortgage makes your monthly mortgage payments slightly higher in comparison to a 30 year mortgage. You end up paying much less interest over the 15 years.

A fixed rate mortgage gives peace of mind to homebuyers who choose it, whether they are first-time homebuyers or just don’t want to worry about fluctuating mortgage payments.

Why Trust Granite With Your Mortgage?

We have the experience and very competitive rates and NO added Lender Fees!  Don't be fooled by others that claim low fees, most of them are giving you a higher rate to make up the difference.  Click here to read more about Brokers versus Lenders and how rates, pricing and service differ.

Use the request to contact us for a free, no obligation quote.

* Rates and APR figures based on Loan Assumptions found on our Rates page

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