Consistent monthly payments for the life of the loan save you from any “surprise” rate hikes.
The traditional fixed-rate mortgage is the most common type of loan program, where monthly principal and interest payments never change during the life of the loan.
One simple application is all you have to fill out.
Be ready to make an offer when the time is right.
Fixed-rate mortgages are available in terms ranging from 10 to 30 years and can be paid off at any time without penalty. This type of mortgage is structured, or “amortized” so that it will be completely paid off by the end of the loan term. There are also “bi-weekly” mortgages, which shorten the loan by calling for half the monthly payment every two weeks. (Since there are 52 weeks in a year, you make 26 payments, or 13 “months” worth, every year.)
Even though you have a fixed-rate mortgage, your monthly payment may vary if you have an “impound account”. In addition to the monthly loan payment, some lenders collect additional money each month (from folks who put less than 20% cash down when purchasing their home) for the prorated monthly cost of property taxes and homeowners insurance. The extra money is put in an impound account by the lender who uses it to pay the borrowers’ property taxes and homeowners insurance premium when they are due. If either the property tax or the insurance happens to change, the borrower’s monthly payment will be adjusted accordingly. However, the overall payments in a fixed-rate mortgage are very stable and predictable.
How we help you
Finding the loan that’s right for you.
Alibel Mortgage simplifies the process of getting a new home loan or refinancing your current mortgage loan so you don’t have to stress about it. We have your best interests in mind at all times.
- We shop around for you for the best loans without having to waste your time.
- We work directly with lenders to make the process as simple and as fast as possible.
- You can start looking at houses with confidence after prequalifying with Alibel Mortgage.
Helping you buy a home or refinance is what we do
Reviews for Alibel Mortgage
"Ashley exceeded my wife and I's expectations and made the entire mortgage process as easy and stress free as possible. I had been working with several lenders to secure a mortgage and Ashley was the obvious choice as she is professional and knowledgeable and makes the extra effort to take care of her clients. I used the VA loan, which I hear can be confusing like most government programs, but Ashley knew all the ins and outs of the VA loan. We ended up closing on time with a lower interest rate than expected and much lower than competitors. My wife and I couldn't be more satisfied. Do yourself and favor and let Ashley help you with your next home purchase."
– Joseph F.
"We just bought our first home thanks to Ashley! After we ran into some serious problems with our other lender just two business days before closing, we were referred to Ashley. I swear, she did more in 5 hours than our other lender did in the whole month we were with them. As an added bonus, she somehow got us a lower interest rate and closing costs than what we were offered with the other lender. Ashley is hardworking and was dedicated to making the home loan process as stress free as possible for us. Glad we had her on our team at the closing table."
– Karen W.
"Ashley was able to keep her fees low and found me the best rate available.. she found the lender that was right for me and was a stickler for detail. She was willing to go the extra mile by making trips to my house and followed all the way through and was at my closing to make sure everything went the right way. She stayed in touch the whole process and i never felt like i was forgotten about. She was available at all times and i could not ask for a more professional and better person to handle this loan for me. I will ask for her anytime i need something done."
– Ben S.