Special Offers From Mr. Cooper

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

Ramsey, MN Fixed Home Loan Rates

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

Busy? Have us call you back. Call Me Back

More Information

Fixed-Rate Loans: What You Need to Know When Buying a Home in Ramsey, MN

When reading up on mortgages in Ramsey, 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 driven to keep the dream of homeownership alive, Mr. Cooper is here to help demystify all the words and processes that go into buying a house!

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 an amount a lender charges for giving you money, and it's expressed as a percentage. Home loan interest rates can go up and down in the same day, so a fixed-rate loan allows you to secure a stable rate. Fixed-rate home loans usually have a 30-year term length. Shorter time periods are available and typically 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 Ramsey outside of fixed-rate

Fixed-Rate vs. Adjustable-Rate Loans in Ramsey, 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 mortgage will maintain the same rate for typically 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. 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 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.

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

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 Ramsey. Friendly people are 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 Ramsey, MN

Read reviews from actual Mr. Cooper home mortgage customers in Ramsey, MN.

Overall Rating

out of 5 stars ( customer reviews)

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

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