Special Offers From Mr. Cooper

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

Waxhaw, NC Fixed Home Loan Rates

Is a fixed-rate mortgage right for you? Mr. Cooper can help you decide. It's our goal to help you with the whole home-buying process.

Busy? Have us call you back. Call Me Back

More Information

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

When reading up on mortgages in Waxhaw, you'll run across some jargon you you may never have learned about. "Fixed-right" might be one of those words. As a company that's focused on making your path to homeownership clear and straightforward, Mr. Cooper is on a mission to simplify every aspect of buying a house — including the words!

But what is a fixed interest 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. Home loan interest rates can go up and down in the same day, so a fixed-rate loan helps you lock-in the security of a consistent rate. Fixed-rate home loans usually have a 30-year term length. Shorter terms are available 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 Waxhaw outside of fixed-rate

Adjustable-Rate Loans vs. Fixed-Rate Loans in Waxhaw, NC

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. If your interest rate increases after the fixed-rate timeframe has ended, your monthly payments might increase too. Call a Mr. Cooper mortgage specialist. Ask about the protections of a fixed-rate loan. 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 if you could still pay on an ARM if interest rates went up, how large of a mortgage payment you can qualify for, 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 Waxhaw

Still have questions about adjustable or fixed-rate loans? Contact Mr. Cooper to check fixed-rate mortgage rates in Waxhaw, NC. Friendly folks are standing by to provide you with the latest rates, information, and answers to your loan and homeowner questions.

Mr. Cooper Reviews for Waxhaw, NC

Read reviews from actual Mr. Cooper home mortgage customers in Waxhaw, NC.

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.