Special Offers From Mr. Cooper

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

Shop Fixed-Rate Mortgages in Sparks, NV

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

Busy? Have us call you back. Call Me Back

More Information

What to Know About Fixed-Rate Loans in Sparks, NV

When researching home loans in Sparks, 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 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!

What exactly is a fixed-rate loan? It's a mortgage with an interest rate that never changes. 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 loans often come with a 30-year term (length). Shorter time periods are an option 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 Sparks home loan options, like an adjustable-rate loan?

Comparing Adjustable-Rate and Fixed-Rate Loans in Sparks, NV

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 will change at certain 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 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 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.

Call Mr. Cooper for Fixed-Rate & Adjustable-Rate Loan Questions in Sparks

There's so much more to learn about fixed-rate and adjustable-rate loans! Contact Mr. Cooper to check fixed-rate mortgage rates in Sparks, NV. Friendly people are here to provide you with the latest rates, information, and answers to your loan and homeowner questions.

Mr. Cooper Reviews from Real Customers in Sparks, NV

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

Overall Rating

out of 5 stars ( customer reviews)

We're changing the face of home loans.

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