No Guessing. Your Rate. Your Loan. Designed for You.
There's no one-size-fits-all mortgage. That's why we give you personalized options to meet your exact needs. From 15-year conventional loans to FHA programs, we have you covered. See today's rates tailored specifically to your needs.
Buying a home is one of the biggest financial decisions you’ll make in your lifetime. When choosing a home loan option it’s important that your choice reflects your long-term financial goals. Let’s review the pros and cons of 30-year mortgage rates, who should consider a 30-year loan, and the options available to borrowers to help decide if a 30-year mortgage is right for you.
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Of course, there is no one-size-fits-all mortgage - that’s why you have options! Let’s go over the basic 30-year mortgage rate options and loan types to choose from that best fits your financial goals.
Fixed Rate Loan
A 30-year fixed rate mortgage is among the most common types of home loans. With a 30-year fixed rate loan your interest rate won’t fluctuate for the life of the loan. This is a great option for borrowers who want a consistent, unchanging mortgage payment.
Adjustable (Variable) Rate Loan
30-year adjustable (also referred to as variable) rate mortgages have interest rates that vary throughout the life of the loan due to market changes and in yearly or monthly intervals. Adjustable-rate mortgage loans have the potential to save you money, especially if you plan to pay off the loan within a few years. For those who need to keep to a budget, a fixed-rate mortgage may be a better option.
Conventional Loan
30-year conventional loans are private loans not backed by government agencies like FHA or VA. Conventional loans often mirror the down payment and income requirements set out by Fannie Mae and Freddie Mac. Conventional loans are available in fixed or adjustable rates and typically only require a small down payment, as little as 3%, making it a great option for buyers who may not have a large down payment available. It’s important to note that down payment requirements vary from lender to lender, as well as variations based on the borrower’s credit score and history.
FHA Loan
A 30-year FHA loan is insured by the Federal Housing Authority and is more lenient than other loans in credit and down payment requirements. FHA loans are a great option for first-time homebuyers or borrowers with a less than stellar credit history.
VA Loan
30-year VA loans proudly serve active-duty and veteran military members. VA loans are easier to qualify for than regular loans, require no down payment or mortgage insurance, and are backed by the federal government. VA loans have exceptionally attractive terms that vary from lender to lender.
Jumbo Loan
A 30-year jumbo loan is reserved for loan amounts totaling more than the loan limits set by Fannie Mae and Freddie Mac, giving borrowers the ability to finance a non-conforming loan.
30-year mortgage rates aren’t the best fit for everyone. That’s why Wyndham Capital offers loan terms to fit every financial story. Whether you’re gearing up for retirement, have extra income at your disposal or you’re not sure what type of mortgage is right for you, we can help.
As a homeowner watching the current refinance rates hit record lows, it’s natural to wonder, “Should I refinance my home mortgage in 2021?” Whether you want to lower your monthly payment, expand the kitchen or build a rental-worthy apartment above the garage, refinancing your home in 2021 may be the best option. There are a variety of factors to consider when deciding whether or not to refinance your home.
Read MoreTo some, the idea of introducing robots into business brings to mind images of (at best) The Jetsons to (at worst) I, Robot. Some industries readily embraced the idea, while others chose to avoid it. And then… COVID-19 happened, and the world was suddenly forced to digitize and automate. The mortgage industry was no exception. While traditional mortgage lenders rushed to introduce more automation into their processes at the onset of 2020, Wyndham Capital Mortgage (WCM) was already fully up and running. We embraced robotics years ago and have invested in an end-to-end digital mortgage process that takes consumers from loan application to close – all online. How we do it? By implementing robotics, digital platforms and artificial intelligence that streamline our processes and expedite the mortgage loan experience. Our process provides the speed, ease and convenience modern borrowers expect while saving them money now and in the future.
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