OCEAN PACIFIC MORTGAGE
"For All Your Mortgage Needs"
Meet the Broker!
Thank you for coming and visiting Ocean Pacific Mortgage. I have over 10+ years exp. helping people get the best program and lowest rate possible. Ocean Pacific has a variety of loan programs to choose from. Feel free to call me at 509-599-1565. Thanks again!
FSBO LISTINGS
Nice Rancher!
443 N. Larri Lee Post Falls Idaho. 3bed 2 bath rancher in excellent condition. Price $179,900
see picsGreat Deal!
1264 E. Warm Springs Post Falls Idaho. 4bed 3 bath rancher with basement. Price $379,900
see picsLots of Land!
395 Memory lane Oldtown, Idaho. 4bed 3 bath on 5.7 acres. Price $299,900
Add your listing to Coeur d'Alenefsbo.comFixed Rate Loans
Home Purchase Loan Types
Fixed-Rate Loans | Adjustable Loans | Federal Housing Administration (FHA) Loans
Department of Veterans Affairs (VA) Loans | Low-and No-Down Payment Loans
Home Equity Loans/Second Mortgages
Fixed-Rate Loans
A fixed-rate loan offers the same interest rate, monthly principal and interest
payment throughout the entire life of the loan. You can choose a variety
of repayment terms, with 15 and 30 years being the most common. The
fixed-rate mortgage loan is the "traditional" choice and is
still the most popular because it offers stability and predictable monthly payments.
The longer the term, the lower the monthly payments and the more cash
you'll have for other expenses. A longer term also provides maximum tax-deductible
interest (ask your tax advisor for more details). With a shorter
term, you'll have higher monthly payments and you'll qualify for a smaller loan
amount, but you'll save on interest costs over the life of the loan
and build your equity faster.
Choose a fixed-rate loan if you:
- Like the current rate and want to keep it for the life of your loan
- Are purchasing or refinancing at a time when interest rates are comparatively low
- Plan to stay in your house for a long time
- Prefer regular payments with no surprises
- Are on a limited or fixed income