As with everything in life, there are both pros and cons to each home loan program that is available to you. So it only makes sense that you should take the time to research your options so you know which program best suits your wants and needs. And luckily for those residing in the greater Akron, Ohio area, Signature Mortgage Corporation is there to provide you with all of the information you need to make the best decision for your family. This Canton, Ohio-based mortgage company has assisted homeowners from Cleveland, Ohio to Detroit, Michigan by explaining their 15 year fixed rate option and all that it entails. Hearing the benefits and disadvantages of a 15 year home loan from an experienced home loan lender can make all the difference when it comes time to make your decision.

Your initial thought may be that all mortgage companies are the same, just businesses that want to push you towards the loan program that will be the most profitable for them. However, that’s not the case with Signature Mortgage Corporation. When you contact this Canton-based company to learn more about 15 year home loans, you can feel better knowing that they will give you straight, unbiased advice that you can use to make your own decision.

Since Signature Mortgage Corporation 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

A number of homeowners throughout Cleveland and Detroit opt for 15 year fixed rates instead of 30, so if you’re interested in this type of loan program, you probably want to know what you can get from it. Signature Mortgage Corporation offers a brief introduction into their 15 year option, so potential borrowers have an idea as to what it entails.

Eliminate worry about rising interest rates with a fixed rate loan, and enjoy consistent monthly payments offering easier budgeting and increased peace of mind. With a 15 Year Fixed, you’ll build equity more quickly, pay off your loan sooner, and save thousands in interest, putting you in an even better financial position. This is also a great program for those looking to refinance their existing loan.

What are some of the main benefits of a 15 year option?

• Maximize your ability to build equity
• Save thousands in interest
• Enjoy the security of an interest rate and payment that doesn’t change
• Put as little down as 5% (No PMI available)
• Federally insured (FHA) 15 Year Fixed Rate loans also available at 3.5% down

Source: Signature Mortgage

A 15 year fixed rate means that you will be paying the same monthly loan payment with the same interest rate for the entire length of the loan. Many borrowers choose this type of program because they know the size of their principal and interest payments. This lack of payment fluctuation means that families have the opportunity to plan their budget accordingly and set aside funds for future expenses.On the other hand, having a fixed rate loan means that borrowers are unable to take advantage of lower interest rates without refinancing. While 15 year home loans are great for those who want to own their home faster, this loan program does also require higher monthly payments than the commonly-used 30 year option.

When you talk to a professional at Signature Mortgage Corporation, they will explain the process of obtaining a 15 year fixed loan in greater detail. This home loan lender will make sure that you know exactly what this program requires of you so you aren’t walking in blind. You can feel confident that you will walk out of Signature Mortgage Corporation’s office with the loan option that works for your Akron area home, as well as with a new understanding of the various loan programs that are available.

To learn more about 15 year home loans from Signature Mortgage Corporation and why so many homeowners from Cleveland, Ohio to Detroit, Michigan choose this option, give this local mortgage company a call at 800.241.1996. One of the home loan lender’s professional bankers would be happy to discuss their 15 year fixed rates and whether it’s a good choice for your Akron, Ohio area residence.

Signature Mortgage Corporation
4790 Douglas Circle NW
Canton, Ohio
800.241.1996
www.smcinc500.com
MB.801146.000
NMLS 172242