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Fixed-Rate Mortgage

Is a Fixed Rate loan right for you?


•Do you plan to stay in your home for many years?
•Do you prefer a consistent mortgage payment for budget planning?
•Does your peace of mind depend on a payment that never changes?

 

If you answered “yes” to any of these questions, a fixed-rate mortgage might be right for you! Since your rate won’t change for the life of your loan, your payment will never increase.

 

Fixed rate loans come in various types, and are generally the most popular loans for those looking to buy or refinance their homes. This is due to the security they provide, ensuring consistent monthly payments, without worry or hassle about changing interest rates. If you are planning to own your home for several years or more, a fixed rate loan may be your best option.

 

Fixed-rate mortgage qualification requirements
• Refinance up to 95% of your primary home’s value

 

How a fixed-rate mortgage works
• Monthly payments based on interest rate, principal loan amount, and amortized interest over certain amount of years
•Your payment will not change throughout the life of the loan
•Pay your mortgage at any time without pre-payment penalties

 

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                             Divison of Banking Locations                                                                                  Phone Numbers

          Springfield Office                               Chicago Office                                          General Inquires                              TTY

        Division of Banking                         Divison of Banking                                       1-888-473-4858                   1-866-325-4949 

 320 West Washington Street       100 West Randolph, 9th Floor                                                  Divison of Banking

       Springfield, IL 62786                        Chicago, IL 6060                                                                 1-844-768-1713

NMLS# 935629

1701 52nd Avenue, Moline, IL  61265

866-441-1862    customerservice@ruhlmortgage.com

 

For more information regarding licensing, go to www.nmlsconsumeraccess.org

                             Divison of Banking Locations                                                                                  Phone Numbers

          Springfield Office                               Chicago Office                                          General Inquires                              TTY

        Division of Banking                         Divison of Banking                                       1-888-473-4858                   1-866-325-4949 

 320 West Washington Street       100 West Randolph, 9th Floor                                                  Divison of Banking

       Springfield, IL 62786                        Chicago, IL 6060                                                                 1-844-768-1713