Special Offers From Mr. Cooper

Sorry, there are no offers available at this time. Check back soon!

Compare Fixed Home Loans in Lafayette, IN

Check the latest interest rates for fixed-rate mortgages in Lafayette, IN. Contact Mr. Cooper to learn more today.

Busy? Have us call you back. Call Me Back

More Information

What to Know About Fixed-Rate Loans in Lafayette, IN

When searching online for Lafayette home loans, you'll run across some jargon you you may never have learned about. "Fixed-right" might be one of those words. As a company that's focused on making your path to homeownership clear and straightforward, Mr. Cooper is on a mission to simplify every aspect of buying a house — including the words!

But what is a fixed interest rate home loan? It's a mortgage with an interest rate that stays the same. An interest rate is what the lender charges for loaning you money. It is expressed as a percentage. Interest rates on home loans can vary by the day, so a fixed-rate loan means your rate is locked-in and secure. Fixed-rate home loans usually have a 30-year term length. Shorter timeframes are available and usually include larger monthly payments but less total interest paid over the loan's lifetime. So, what other home loan options are there in Lafayette outside of fixed-rate

Should You Go the Fixed-Rate or Adjustable-Rate Route in Lafayette, IN

It's a good idea to learn about all of your loan options in Lafayette, including adjustable-rate loans. Adjustable-rate mortgages (ARM) are different from fixed-rate mortgages as the interest rate on an adjustable-rate mortgage can fluctuate based on national indexes. An adjustable-rate loan will come with a fixed rate for a specific period (like 3, 5, or 10 years), then the rate will change at certain intervals. Your monthly payments could go up if the interest rate goes up at one of these intervals. Call a Mr. Cooper mortgage specialist. Ask about the protections of a fixed-rate loan. We'll help you balance the pros and cons of fixed-rate and adjustable-rate mortgages, and help you see the key factors in picking the one that is right for you, like how large of a mortgage payment you qualify for, and if you could still pay your mortgage on an ARM if interest rates went up, how long you plan on living in the house, and where interest rates are headed.

Call for Today's Fixed-Rate Home Loan Rates in Lafayette, IN

Still have questions about adjustable or fixed-rate loans? Contact Mr. Cooper to check fixed-rate mortgage rates in Lafayette, IN. We have a welcoming team that is standing by to provide you with the latest rates, information, and answers to your loan and homeowner questions.

Mr. Cooper Reviews from Real Customers in Lafayette, IN

Take it from these happy Mr. Cooper mortgage customers in Lafayette, IN: We love helping homeowners. Call now to see how we can serve you.

Overall Rating

out of 5 stars ( customer reviews)

We're changing the face of home loans.

Let Mr. Cooper help you prequalify for a mortgage and get the keys to your dream home.