
Let’s say you want to buy a $200,000 house. What exactly is a 30-year fixed-rate mortgage, and what are the pros and cons of taking one out? Let’s find out!Ī 30-year fixed-rate mortgage is basically a home loan that gives you 30 years to pay back the money you borrowed at an interest rate that won’t change. But is it really your best bet? Thirty years is a long time, and you want to be sure you’re making the best decision possible! Traditionally, the 30-year fixed-rate mortgage is one of the most popular options out there. ("PFSI") and PennyMac Mortgage Investment Trust ("PMT") collectively Pennymac.So you’re looking to buy a house-congratulations! If you’re not buying with cash, you’re probably also looking for a mortgage and want to get the best rate possible. This website may include combined information from PennyMac Financial Services, Inc. All loan programs subject to borrowers meeting appropriate underwriting conditions. Information, rates and pricing are subject to change without prior notice at the sole discretion of PennyMac Loan Services, LLC. Some products may not be available in all states. For more information, review Pennymac's state licenses and important notices. Plano Parkway, Suites 150 and 300, Plano, TX 75075. Rhode Island Licensed Lender # 20092600LL, Loan Broker, and Third Party Loan Servicer. Licensed Mortgage Banker-NYS Department of Financial Services.

Minnesota: This is not an offer to enter into an agreement and an offer may only be made pursuant to Minn.
#COMPARE MORTGAGE RATES 30 YEAR FIXED LICENSE#
Massachusetts Mortgage Lender License # MC35953. Colorado office: 5500 South Quebec Street, Suite 260 Greenwood Village, CO 80111, (877) 215-2552. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. One point is equal to 1% of the principal amount of the mortgage.Īrizona Mortgage Banker License # 0911088.

Loan Estimate issued within 3 days of application.

