Refinance to a Fixed Rate Mortgage

You may be able to save a considerable amount of money over time by refinancing your Adjustable Rate Mortgage (ARM) to a Fixed Rate Mortgage. An experienced Bank of Internet USA Mortgage Consultant would be happy to guide you through the process.

Benefits of a Fixed Rate Mortgage

While Adjustable Rate Mortgages are attractive for their initially low interest rates, there are definite advantages to Fixed Rate Mortgages. By refinancing your home loan to a Fixed Rate Mortgage, you:

  • Could potentially save money by avoiding increases in your monthly mortgage payments associated with rising interest rates
  • Count on predictable monthly mortgage payments that will remain consistent during the life of the home loan
  • Choose from conventional Fixed Rate Mortgages ranging from 10-year to 30-year terms

Call 1.888.546.2634 to speak to a knowledgeable Bank of Internet USA who will guide you through the process of converting to a Fixed Rate Mortgage.

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Adjustable Rate vs. Fixed-Rate Mortgage Loans

While Adjustable Rate Mortgages (ARMs) can be attractive due to their initial low interest rate, when interest rates rise, Adjustable Rate Mortgage payments also rise. By converting to a Fixed-Rate Mortgage, you can protect yourself from the uncertainty of increasing interest rates and fluctuating payments.

Fixed Rate Mortgages maintain the same interest rate for the life of the home loan, whereas the interest rate on an Adjustable Rate Mortgage can rise or fall based on market rate fluctuations. When the fixed period ends, your monthly mortgage payment may rise to a higher rate.

Why Refinance to a Fixed Rate Mortgage?

Refinancing Your ARM to a Fixed Rate Mortgage Is a Good Choice If You:

  • Believe interest rates may rise, and you want to for the duration of your loan
  • Are retired, on a fixed income, or otherwise wish to have the stability of predictable payments
  • Plan on owning your home for many years to come

Why Bank of Internet USA?

Learn More about Refinancing to a Fixed Rate Mortgage

Bank of Internet USA leads the industry in low mortgage rates, and always has a dedicated Mortgage Consultant on hand to help you with all your lending needs. We can help you find the Fixed Rate Mortgage that most effectively meets your financial needs and goals.

For further information, please visit our page .