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Best Fixed Rate Mortgage Tips

Discover peace of mind with the best fixed rate mortgage.




How To Create A Combination Loan

Create your own combination loan, combining the 40 year fixed rate mortgage and 15 year fixed rate mortgage. Assure yourself of the lowest fixed payment possible. Yet pay your mortgage down as quickly as you like. All you need are my tips.



Visit the Home Mortgage Payment Calculator to figure your mortgage payments easily.

Choose Your Best Fixed Rate Mortgage

Remember Forrest Gump? While they polished their boots together, his friend Bubba described the many ways his mama cooked shrimp. Quoting from the movie Forrest Gump...

"There's pineapple shrimp, lemon shrimp, coconut shrimp, pepper shrimp, shrimp soup, shrimp stew, shrimp salad, shrimp and potatoes, shrimp burger, shrimp sandwich"

Just like Bubba's shrimp, the best fixed rate mortgage comes in different flavors...the 30 year fixed rate mortgage, 40 year fixed rate mortgage, a 25 year fixed rate mortgage, 20 year fixed rate mortgage, and the popular 15 year fixed rate mortgage.

For a unique twist, consider cheapest fixed rate mortgages or affordable fixed rate interest only mortgage loans.

Adjustable mortgage rates if carefully researched and understood can be appropriate under certain circumstances, depending on your goals.

Residential construction loans are home mortgages designed for building a house. They come with long term and permanent financing options.

Meet Kate Ford - Your Mortgage Insider

Hi, my name is Kate and I'm a retired mortgage broker. For over 20 years, I helped thousands of people borrow millions of dollars. I understood loan programs and taught my clients the tips to getting their best fixed mortgages. Now I've created Get Your Best Mortgage Rate to share my best fixed rate mortgage tips with you.

Tips For The Best Fixed Rate Mortgage

Principal One

  • The longer the term (years), the lower the mortgage payment
  • The longer the term (years), more interest is paid
  • The longer the term (years), the slower the principal is paid off

Tip: If you want the lowest mortgage payment, a 40 year term is your best fixed rate mortgage.

Principle Two

  • The shorter the term (years), the higher the mortgage payment
  • The shorter the term (years), less interest is paid
  • The shorter the term (years), the quicker the principal is paid off

Tip: If you want the mortgage paid off quickly, 15 year terms are a good option.

Best Fixed Rate Mortgage Payments

Estimated monthly payments - $200,000 at 6%

  • 40 year fixed rate mortgage - $1100
  • 30 year fixed rate mortgage - $1199
  • 25 year fixed rate mortgage - $1288
  • 20 year fixed rate mortgage - $1432
  • 15 year fixed rate mortgage - $1687

Tip: Remember to add 1/12 of the annual insurance premium and property taxes to the payments shown above.

For more help on budgeting mortgage payments, click here for How Much Mortgage Can I Afford?





Visit the Home Mortgage Payment Calculator to figure your mortgage payments easily.

Kate's Secret To The Best Fixed Rate Mortgage

OK, finally, here is my little secret! Pick a longer term for the lowest payments, like a 40 year fixed rate mortgage. Make extra principal payments if you desire to pay less interest and reduce the principal faster, similar to having a 15 year fixed rate mortgage.

Then during a month when you need a lower payment, you'll have a safety net of the 40 year fixed rate mortgage.

Remember to use Kate's little secret to combine the best of both worlds, the advantages to a 15 year fixed rate mortgage, rapid principal pay down, with the safety net of the 40 year fixed rate mortgage, lower monthly payments.




Riveting Fixed Rate, Hybrid and Adjustable Rate Mortgage Help

Like Forrest Gump's friend Bubba who had more ways to cook shrimp than barnacles on a boat, the best fixed rate mortgage comes with many options.

Assure yourself of the lowest fixed payment possible with this best fixed rate mortgage yet pay it down as quickly as you like.

The 15 year fixed rate mortgage will save you thousands and thousands of dollars in interest over the years. Plus you'll be mortgage free after 180 payments!

What would you do with an extra $87,789? Meet the 20 year fixed rate mortgage.

Introducing the 25 year fixed rate mortgage combining the security of a 30 year fixed home loan enhanced by a slightly lower interest rate.

I've heard it referred to as boring but I crown the 30 year fixed rate mortgage King Of Mortgages!

The 40 Year Fixed Rate Mortgage - When fast mortgage pay offs may not be for everyone.

Are adjustable mortgage rates good or bad? It all depends on your circumstances.

Imagine what it would be like if you could plan for changes to your adjustable rate mortgage.

If the cheapest fixed rate mortgages will save you money, why pay for more?

Come on Kate! Aren't interest only mortgage loans just hidden adjustable rates?

Ask Kate About ARMs - Ask a question to get an answer from Kate about mortgages that adjust.

ARM Ask And Answer - Questions about adjustable rate mortgages, each with a individual answer from Kate

Return home to Get-Your-Best-Mortgage-Rate from the Fixed Rates, Hybrids and Adjustable Rate Mortgages Collection


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