Loan Programs 
Jumbo Loans Fixed Rate
Jumbo Loans Fixed Rate
Fixed Rate Jumbo Loans
Fixed rate loans are the most popular type of loan offered by Mlend. These loans provide protection from inflation, allow for long-term planning, and minimize risks associated with home ownership.
Fixed rate mortgages provide a constant interest rate and monthly principal and interest payments over the life of the loan. The consistent payments associated with these loans allow for predictability in your monthly housing costs. The fixed interest rate provides insulation from market fluctuations, ensuring that your payments won’t increase if rates do.
Fixed rate mortgages are generally offered in the following terms:
- 10 or 15 year- These short term fixed rate mortgages usually have lower interest rates and build equity faster. They come with higher monthly payments since the loan term is shorter, but you’ll also be paying less interest over the life of the loan when compared to longer terms.
- 20 year- This fixed-rate mortgage provides a compromise between 15-year terms and 30-year terms with regard to monthly payments and interest costs over the life of the loan.
- 30 year- These mortgages offer lower monthly payments or allow you to borrow more since the loan term is longer.
Please contact one of our mortgage consultants to see if a fixed-rate jumbo loan is right for you.
