Give us a call at 888.694.0455 ext 85 or apply online to find the lowest Iowa 30 year fixed rate mortgage rates available. You also can read about other conventional loan programs.

Mortgage rates change everyday or even a couple of times a day. Most interest rates quoted on the internet are outdated or are part of a program not available to most borrowers. The best way to find what your lowest Iowa 30 year fixed mortgage rates are is to give us a call or fill out our quick application. Since rates change daily, be sure to secure a rate lock-in when you find the best interest rate.

This is the most common type of mortgage program. It is called a "fixed mortgage" because your monthly payments for interest and principal never change. Property taxes and homeowners insurance may increase, but generally your monthly payments will be very stable for the duration of the loan.

The 30 year fixed mortgage is usually what people think of when they of think mortgages. This type of financing has long been the most popular loan type here in the United States. In other counties the adjustable rate mortgage (ARM) is the conventional norm. In Canada for example, most fixed year financing can not be extended past 10 years when the loan will then be adjustable for the remainder of the term (often 25 years).

Fixed-rate mortgages are not just available for 30 years. They can be issued for 20 years, 15 years and even 10 years. There are also "bi-weekly" mortgages, which shorten the loan by calling for half the monthly payment every two weeks. (Since there are 52 weeks in a year, you make 26 payments, or 13 "months" worth, every year).

Fixed rate fully amortizing loans have two distinct features. First, the interest rate remains fixed for the life of the loan. Secondly, the payments remain level for the life of the loan and are structured to repay the loan at the end of the loan term. The most common fixed rate loans are 15 year and 30-year mortgages.

During the early amortization period, a large percentage of the monthly payment is used for paying the interest. As the loan is paid down, more of the monthly payment is applied to principal. In the first couple of years amost all of the monthy payment goes to interest and in the last couple of years of the loan, almost all of the monthy payment goes to paying off the pricipal. A typical 30-year fixed rate mortgage takes 22.5 years of level payments to pay half of the original loan amount.

If the 30 year fixed mortgage is standard, why do we offer other types of home financing? Not everyone is in the same boat when it comes to financial situations and not everyone is buying a home for the same reasons. Since the 30-year fixed programs do not fit the needs for everyone, we have multiple programs for the whole range of homeowner. We have programs for Investment property, seconds homes, short-term starter homes and the list go on.

As professionals in the mortgage lending industry, we've built our reputation on providing outstanding service to our clients. This means you can count on us to always look out for your best interests, and to keep you informed throughout every step of the lending process. Customer satisfaction is the cornerstone of our business. We have cut out the middle man and the large corporate overhead to bring you the best possible rates and lowest fees. Please do not hesitate to call if you have questions about the information you find here on our web site.