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 Fridley, MN for You

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

Busy? Have us call you back. Call Me Back

More Information

Learn the Basics When Shopping Fixed-Rate Loans in Fridley, MN

When searching online for Fridley home loans, you'll run across some jargon you may not have heard before. "Fixed-right" might be one of those words. As a company that's dedicated to keeping the dream of homeownership alive, Mr. Cooper is here to help demystify all the words and processes that go into buying a house!

What exactly is a fixed-rate loan? It's a mortgage with an interest rate that never changes. 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 allows you to secure a stable rate. How long does the rate stay the same? Fixed-rate loans typically come with a 30-year length (term). Shorter terms are possible and usually include larger monthly payments but less total interest paid over the loan's lifetime. How similar is a fixed-rate loan to other Fridley home loan options, like an adjustable-rate loan?

Adjustable-Rate Loans vs. Fixed-Rate Loans in Fridley, MN

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 change at certain 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 understand the factors that can go into choosing between a fixed-rate and adjustable-rate mortgage, 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.

Check Current Fixed-Rate Home Loan Rates in Fridley, MN

Still have questions about adjustable or fixed-rate loans? Contact Mr. Cooper to check fixed-rate mortgage rates in Fridley, MN. Friendly folks are standing by to answer any questions you might have about the loan and homeownership process.

Mr. Cooper Reviews from Real Customers in Fridley, MN

Read real stories from real Mr. Cooper home mortgage customers in Fridley, MN. Then contact us to see what we can do for you.

Overall Rating

out of 5 stars ( customer reviews)

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

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