Mortgages
available
What's the best mortgage for you?
The best mortgage
is typically the one you can afford as long as you plan to remain
in the home. Affordability varies with the type of mortgages available.
The two most common are fixed- and adjustable-rate mortgages (ARM).
A fixed-rate mortgage is constant for the length of the loan,
usually 30 years. Shorter term fixed-rates, typically 15- or 20-years,
carry lower interest rates, higher payments and less money paid
out than with a longer-term loan. Longer term fixed-rates have
smaller monthly payments and are easier to budget.
News from Fannie Mae
Mortgage Rates for Virginia
HUD
Freddie
Mac
5907 Westchester
St.
Alexandria, Va
22310
703-836-2888
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