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Understanding fixed rate mortgages
Looking to have your payment stay the same for the entire loan term? A fixed rate mortgage is your best bet. With a fixed rate conventional loan, you'll have peace of mind knowing your monthly principal and interest payments will remain the same, for the life of the loan. Fixed-rate loans are available in 10, 15, 20, and 30-year terms, with options to eliminate mortgage insurance.
Still have questions?
(817) 882-0181
mortgage@eecu.org
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