Special Offers From Mr. Cooper

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

Compare Fixed Home Loans in Upper Marlboro, MD

Check the latest interest rates for fixed-rate mortgages in Upper Marlboro, MD. 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 Upper Marlboro, MD

When searching online for Upper Marlboro home loans, you'll come across some terms you may not have heard before. "Fixed-rate" could be one of those terms. 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!

So, what is a fixed-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. Mortgage interest rates can change daily, so a fixed-rate loan allows you to secure a stable rate. Fixed-rate loans often come with a 30-year term (length). Shorter timeframes are an option and typically come with bigger monthly payments but lower overall interest paid over the course of the loan's life. How do fixed-rate loans compare to other home loan options in Upper Marlboro?

Comparing Adjustable-Rate and Fixed-Rate Loans in Upper Marlboro, 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. An adjustable-rate loan will come with a fixed rate for a specific period (like 3, 5, or 10 years), then the rate will adjust at particular 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 see how different factors can guide you in selecting between an adjustable-rate and fixed-rate mortgage, like how long you plan on living in the house, how large of a mortgage payment you qualify for, and if you could still pay for an ARM if interest rates went up, and where interest rates are headed.

Call for Today's Fixed-Rate Home Loan Rates in Upper Marlboro, MD

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 Upper Marlboro. We have a welcoming team that is here to answer any questions you might have about the loan and homeownership process.

Upper Marlboro, MD Mr. Cooper Reviews

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

Overall Rating

out of 5 stars ( customer reviews)

We're changing the face of home loans.

With Mr. Cooper, you can get pre-approved for a mortgage and get into a new home sooner.