Special Offers From Mr. Cooper

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

Compare Fixed Home Loans in Floral Park, NY

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

Busy? Have us call you back. Call Me Back

More Information

Learn the Basics When Shopping Fixed-Rate Loans in Floral Park, NY

When reading up on mortgages in Floral Park, you'll come across some terms you might not be familiar with. "Fixed-right" might be one of those words. As a company that's driven to keep the dream of homeownership alive, Mr. Cooper is here to help simplify the steps, paperwork, and terminology that's related to buying a home!

So, what is a fixed-rate home 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. 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. Fixed-rate loans often come with a 30-year term (length). Shorter time periods are possible and usually include larger monthly payments but less total interest paid over the loan's lifetime. So, what other home loan options are there in Floral Park outside of fixed-rate

Should You Go the Fixed-Rate or Adjustable-Rate Route in Floral Park, NY

Fixed-rate loans are often compared to adjustable-rate loans. An adjustable-rate mortgage (ARM) is different from a fixed-rate mortgage in that the interest rate can go up or down based on national indexes. An adjustable-rate mortgage will maintain the same rate for typically 3, 5, or 10 years, then the rate will change at certain intervals. If the interest rate goes up after your fixed-rate period has ended, your monthly payments could go up too. Give a Mr. Cooper mortgage professional a call to learn about the confidence a fixed-rate mortgage 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 Floral Park, NY

Still have questions about adjustable or fixed-rate loans? Call a Mr. Cooper professional to check today's fixed-rate mortgage rates in New York. We have a welcoming team that is here to answer any questions you might have about the loan and homeownership process.

Mr. Cooper Reviews for Floral Park, NY

Read reviews from actual Mr. Cooper home mortgage customers in Floral Park, NY.

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.