Special Offers From Mr. Cooper

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

Find the Right Fixed-Rate Home Loan in Burlington, IA for You

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

Busy? Have us call you back. Call Me Back

More Information

Are All Fixed-Rate Loans in Burlington, IA the Same?

When searching online for Burlington home loans, you'll run across some jargon you may not have heard before. The phrase "fixed-rate" might fall into that category. As a company that's dedicated to keeping the dream of homeownership alive, Mr. Cooper is on a mission to simplify every aspect of buying a house — including the words!

What exactly is a fixed-rate loan? "Fixed-rate" means the interest rate on your mortgage doesn't change. Interest rates, expressed as percentages, are what the lender charges for giving you money. Mortgage interest rates can change daily, so a fixed-rate loan helps you lock-in the security of a consistent rate. Fixed-rate home loans usually have a 30-year term length. Shorter time periods are an option and usually come with higher monthly payments but less overall interest paid over the life of the loan. So, what other home loan options are there in Burlington outside of fixed-rate

Adjustable-Rate Loans vs. Fixed-Rate Loans in Burlington, IA

Fixed-rate loans are often compared to 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. If you get an adjustable-rate loan, you can count on the rate to stay the same for a certain period of time (ex. 3, 5, or 10 years), then the rate is revised at specific intervals. Your monthly payments could go up if the interest rate goes up at one of these intervals. Give a Mr. Cooper mortgage professional a call to learn about the confidence a fixed-rate mortgage can offer. 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 if you could still pay on an ARM if interest rates went up, how large of a mortgage payment you can qualify for, 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 Burlington, IA

Still have questions about adjustable or fixed-rate loans? Give us a call to check the most recent fixed-rate mortgage rates in Burlington. We have a welcoming team that is here to guide you through the loan and homeownership process.

Burlington, IA Mr. Cooper Reviews

Read reviews from actual Mr. Cooper home mortgage customers in Burlington, IA.

Overall Rating

out of 5 stars ( customer reviews)

We see home loans differently. We see them through your eyes.

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