Special Offers From Mr. Cooper

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

Compare Fixed Home Loans in Hyattsville, MD

Compare current mortgage interest rates and talk with Mr. Cooper in Hyattsville, MD to see if a fixed-rate mortgage is right for you.

Busy? Have us call you back. Call Me Back

More Information

Are All Fixed-Rate Loans in Hyattsville, MD the Same?

When reading up on mortgages in Hyattsville, you'll see words and phrases you might not be familiar with. 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 here to help simplify the steps, paperwork, and terminology that's related to buying a home!

What exactly is a fixed-rate loan? "Fixed-rate" means the interest rate on your mortgage doesn't change. An interest rate is an amount a lender charges for giving you money, and it's expressed as a percentage. Interest rates on home loans can vary by the day, so a fixed-rate loan helps you lock-in the security of a consistent rate. How long does the rate stay the same? Fixed-rate loans typically come with a 30-year length (term). Shorter terms are available 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 Hyattsville outside of fixed-rate

Should You Go the Fixed-Rate or Adjustable-Rate Route in Hyattsville, MD

Fixed-rate loans are often compared to adjustable-rate loans. Unlike a fixed-rate loan, the interest rate on an adjustable-rate mortgage (ARM) may change 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. If your interest rate increases after the fixed-rate timeframe has ended, your monthly payments might increase too. Talk to a Mr. Cooper mortgage professional about the protections a fixed-rate loan can offer. We'll help you see how different factors can guide you in selecting between an adjustable-rate and fixed-rate mortgage, 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 Mr. Cooper for Fixed-Rate & Adjustable-Rate Loan Questions in Hyattsville

There's so much more to learn about fixed-rate and adjustable-rate loans! Give us a call to check the most recent fixed-rate mortgage rates in Hyattsville. Friendly people are standing by to answer any questions you might have about the loan and homeownership process.

Hyattsville, MD Mr. Cooper Reviews

Read reviews from actual Mr. Cooper home mortgage customers in Hyattsville, MD.

Overall Rating

out of 5 stars ( customer reviews)

We're here to support you on the path to home ownership.

Work with Mr. Cooper to get pre-qualified and get into the home of your dreams.