Special Offers From Mr. Cooper

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

Fixed-Rate Home Loans in Franklin Square, NY

Compare current mortgage interest rates and talk with Mr. Cooper in Franklin Square, NY 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 Franklin Square, NY

When researching home loans in Franklin Square, you'll see words and phrases you may not have heard before. The phrase "fixed-rate" might fall into that category. As a company that's focused on making your path to homeownership clear and straightforward, Mr. Cooper is here to help simplify the steps, paperwork, and terminology that's related to buying a home!

What exactly is a fixed-rate loan? It's a mortgage with an interest rate that never changes. 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 terms are possible and usually 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 Franklin Square?

Should You Go the Fixed-Rate or Adjustable-Rate Route in Franklin Square, NY

It's a good idea to learn about all of your loan options in Franklin Square, including 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 is revised at specific intervals. Your monthly payments could go up if the interest rate goes up at one of these intervals. Call a Mr. Cooper mortgage specialist. Ask about the protections of a fixed-rate loan. We'll help you understand the factors that can go into choosing between a fixed-rate and adjustable-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 Franklin Square, NY

We've only brushed the surface of fixed-rate loans and adjustable-rate loans! Contact Mr. Cooper to check fixed-rate mortgage rates in Franklin Square, NY. Friendly folks are standing by to guide you through the loan and homeownership process.

Franklin Square, NY Mr. Cooper Reviews

Take it from these happy Mr. Cooper mortgage customers in Franklin Square, NY: We love helping homeowners. Call now to see how we can serve you.

Overall Rating

out of 5 stars ( customer reviews)

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

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