Special Offers From Mr. Cooper

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

Narragansett, RI Fixed Home Loan Rates

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

Busy? Have us call you back. Call Me Back

More Information

Are All Fixed-Rate Loans in Narragansett, RI the Same?

When researching home loans in Narragansett, you'll come across some terms you may not have heard before. The phrase "fixed-rate" might fall into that category. As a company that's dedicated to keeping the dream of homeownership alive, Mr. Cooper is here to help demystify all the words and processes that go into buying a house!

So, what is a fixed-rate home loan? It's a mortgage with an interest rate that stays the same. An interest rate is what the lender charges for loaning you money. It is expressed as a percentage. 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 available and generally include larger monthly payments but less total interest paid over the loan's lifetime. How do fixed-rate loans compare to other home loan options in Narragansett?

Should You Go the Fixed-Rate or Adjustable-Rate Route in Narragansett, RI

Before committing to a loan, compare all of your options, including 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 adjust at particular 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 see how different factors can guide you in selecting between an adjustable-rate and fixed-rate mortgage, 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.

Check Current Fixed-Rate Home Loan Rates in Narragansett, RI

We've only brushed the surface of fixed-rate loans and adjustable-rate loans! Contact Mr. Cooper to check fixed-rate mortgage rates in Narragansett, RI. We have a welcoming team that is ready to provide you with the latest rates, information, and answers to your loan and homeowner questions.

Mr. Cooper Reviews from Real Customers in Narragansett, RI

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

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-approved and get into the home of your dreams.