I WAS QUOTED IN AN ARTICLE ABOUT THE 30 YEAR MORTGAGE

     I provide insights on why people choose 30 year fixed rate mortgages with snipets from my interview by apartmenttherapy.com.   I was interviewed by Lesley Kennedy of apartment therapy regarding why people choose 30 year mortgages and what the attraction is to them.  

     It was a pleasure to provide some insight to her article and be quoted a number of times.  What I find most interesting when speaking to people about 30 year fixed mortgages is that the majority of times they really have no idea what their future holds, and because of this they really like the stability of a mortgage that carries a payment which will never increase. 

HOW POPULAR ARE 30 YEAR MORTGAGES

     Did you know that less than one half of a percent of American’s actually pay off a 30 year fixed rate mortgage?  If you’re relatively new to mortgages, and I would say anything within the last 5 years, you’ve been programmed to believe that rates will remain low for the rest of time.  The thought of carrying an adjustable rate mortgage was foreign to a lot of people, but prior to these extraordinary influences by the federal reserve adjustable rates outperformed fixed rates historically.  

   

OTHER TYPES OF MORTGAGES

Leave a Comment





About Us

Thanks for visiting North Bay Capital. Local expertise and broad real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources offered here.

Please consider this website as your online source for mortgage, real estate, and local community information. Be sure to return often for the latest property listing updates. READ MORE

North Bay Capital

(707) 583-3666
2974 Night Song Way
Castle Rock, CO 80109

 

Company NMLS ID 1279902
Individual NMLS ID 278103
Company CA DRE 01970612
Individual CA DRE 01855372

This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA).
Loans made or arranged pursuant to CA Bur of Real Estate – Real Estate Broker – Broker#1279902. California Bureau of Real Estate (877-373-4542). NMLS #1279902