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The traditional fixed rate mortgage is the most common type of loan program, where monthly principal and interest payments never change during the life of the loan. Fixed rate mortgages are available in terms ranging from 10 to 30 years and can be paid off at any time without penalty. This type of mortgage is structured, or "amortized" so that it will be completely paid off by the end of the loan term. 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.)

Sierra Crest Mortgage Inc., led by Mortgage Broker Melissa Chagolla, specializes in offering a wide range of mortgage solutions, including home purchases and refinancing options tailored to meet individual financial needs. With a focus on providing competitive rates and personalized service, the team aims to help clients navigate the mortgage process efficiently and confidently. Committed to empowering potential homeowners, Sierra Crest Mortgage Inc. emphasizes the importance of thorough rate comparison and pre-approval to secure the best loan terms available. Their knowledgeable advisors are dedicated to ensuring a seamless experience, whether clients are first-time buyers or looking to refinance for better rates. Generated from the website