Buying a home is a substantial investment and future homeowners have many options for financing their purchase. Among the most popular, fixed-rate mortgages provide an easy way to balance payments over time while building equity in your new home. To learn more about fixed-rate mortgages and all the other home loan products offered at Community West, stop by one of our six locations today.
What Is a Fixed-Rate Mortgage Loan?
Fixed-rate mortgages allow you to borrow money to purchase a home and pay it back over a set number of years. Community West offers loan terms from 10 to 30 years, providing a repayment period that’s right for you. The versatility of a fixed-rate mortgages allows you to choose a shorter term to quickly build home equity or a longer term to reduce payments.
Fixed-rate mortgage loans also ensure consistent monthly payments. Your interest rate won’t change over time, although you may choose to refinance to secure a better rate in the future. These loans make budgeting simple because you’ll know exactly how much you’ll need to pay every month. This also makes fixed-rate loans a great choice for buyers who plan to stay in their home for several years, as well as for anyone seeking a home that their family can grow in over time.
Financing Your Home with Community West
Our membership is open to all who live, work, worship, or attend school in Allegan, Barry, Ionia, Kent and Ottawa Counties. Community West is committed to making the path to homeownership straightforward and simple. You can use our online mortgage calculator to estimate your monthly payment at various interest rates and terms or chat with a representative for additional information.
Best of all, when you choose a mortgage from our credit union, you’ll be working with community members who are committed to helping you achieve your financial goals. In addition to fixed-rate mortgages, we offer a number of home loan products, including:
- Mortgage refinancing
- Construction loans
- Home equity loans
- VA, FHA, and Rural Development loans
Take the first step toward homeownership – apply online for a fixed-rate mortgage from Community West. For more information, contact us today by calling 616-261-5657 or visiting one of our branches in Comstock Park, Grandville, Hudsonville, Kentwood, Middleville or Rockford.
Mortgage Department Information
NMLS # 691882