When you decide to purchase a residence in Akron, Ohio or to refinance your home in Cleveland, Ohio, there are a number of options available to you. In fact, it may seem overwhelming if you’ve never dealt with such a task before. Fortunately, you don’t need to make your final decision alone—Signature Mortgage Corporation can help. This INC. 500 mortgage bank in Canton, Ohio has helped residents from Florida to Detroit, Michigan understand the home loan and refinancing options they can use in order to obtain the house of their dreams. And no matter how little or how much you know about 30 year fixed mortgages, the licensed mortgage professionals at Signature Mortgage Corporation are there to offer their assistance so you can make an informed decision. Interested to learn more about 30 year fixed rates and whether this option is right for you? Then read on to find out the pros and cons of this particular loan program and what Signature Mortgage Corporation can offer with it.

The 30 Year Fixed Rate Loan is Signature Mortgage Corporation’s most popular loan program. This traditional fixed rate loan features a rate and payment that doesn’t change. If you plan to keep the home, the 30 Year Fixed loan might be the right option for you.

Source: Signature Mortgage

What a 30 year fixed rate can offer…

• Get the security of an interest rate and payment that doesn’t change
• Put as little down as 5%
• Federally insured (FHA) 30 Year Fixed Rate loan programs are also available at 3.5% down

Source: Signature Mortgage

Signature Mortgage Corporation has worked with a number of residents throughout Akron, Cleveland and Detroit who have been interested in 30 year fixed mortgages. And it’s no surprise as to why. This loan program has several benefits that homeowners can take advantage of, including greater affordability and decreased risk.

Since your mortgage payment will be fixed, it’s much easier to manage finances and plan your budget for the future—a particularly important aspect for growing families. Whether you need to begin saving for your children’s college tuition or a new car, having one low, set payment each month makes planning much more convenient. You are also better able to predict the interest you will pay over the course of the loan.

While interest rates are higher with 30 year fixed rates than 15 year fixed rates, many borrowers find the 30-year option to be advantageous. The monthly payments are lower because the interest is spread out over a longer period of time—giving people the chance to save and put more money into investments.

Signature Mortgage Corporation also explains to borrowers how this option can help them out during tax season. A higher interest bill increases the amount people can include in their deductions. This is especially helpful for those who are interested in reducing or eliminating their federal income tax liabilities.

The licensed mortgage professionals at this INC. 500 mortgage bank in Canton make it their goal to explain home loan and refinancing options in great detail so borrowers have a better understanding of what is best for them. Whether you feel a 30 year fixed mortgage would benefit you or not, you can be sure that you won’t walk away without having the pros and cons of this program outlined for you.

            Talking to a licensed mortgage banker is an important step to getting the right mortgage loan. Everybody has different loan needs and a mortgage banker knows which questions to ask in order to find the       best match you with the right loan and monthly payment. Since Signature Mortgage has a strict “No Steering” policy, you can be assured that the loan option suggested to you will fit your needs. The mortgage banker will  also explain all the steps–from getting started, to locking in your low rate, to   closing your loan in less than 30 days. Because Signature Mortgage is a direct lender, if you have any     questions during the loan process, you will have one direct number enabling you to get quick answers          straight from the source.

Source: Signature Mortgage

There are many more pros and cons to 30 year fixed mortgages, so if you feel you need additional information, it’s best to discuss this loan program with one of the licensed mortgage professionals at Signature Mortgage Corporation. One of the bankers at this INC. 500 mortgage bank would be happy to talk with you about their 30 year fixed rates, as well as the other home loan and refinancing options that are available to you. Whether you currently reside in Akron, Ohio; Cleveland, Ohio; or Detroit, Michigan, you have the opportunity to learn all you can about their various loan programs by visiting their website or giving Signature Mortgage Corporation a call at 800.241.1996.

Signature Mortgage Corporation
4790 Douglas Circle NW
Canton, Ohio
800.241.1996
www.smcinc500.com