RYAN M. NASH HOME LOANS
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Fixed Loans Colorado Springs

Types Of Loan Programs Fixed vs Adjustable


One of the first choices a home buyer will need to make is whether you want a fixed-rate or an hybrid adjustable-rate mortgage loan. 
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Hybrid adjustable-rate mortgage, (ARM):

​ARMs have gotten a bad wrap, but there are advantages and potentially big savings. They almost always offer better rates and if you aren't moving into your forever home they make a lot of sense to save some hard earned money, rather then sending additional interest payments to the lender.
ARMs feature an initial fixed interest rate for a certain amount of time and then becomes an adjustable-rate for the remainder of the term. Standard terms are 3, 5, 7, or 10 yrs.

Fixed-rate Mortgage:

Unlike an adjustable-rate mortgage the interest rate is set at the time you take out the loan and will not change. Fixed-rate home loans can be 10 years, 15 years, 20 years or 30 years or just about anything in between, this is referred to as a flex term. 30-year fixed is the most common because it allows your mortgage payment to be the lowest, but will also cost you the most in interest over the long run.
Let Ryan M Nash Home Loans help you figure out what will fit in your budget and at the same time save you the most money. ​
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​Loan Officer NMLS #1493480
Company NMLS #1062246
​​Ryan M. Nash Home Loans
​Affinity Mortgage Brokers
Address: 6760 Corporate Dr, Ste. 120, Colorado Springs, CO 80919
Phone: 
​(719) 629-7401
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  • Home
    • About | Ryan M Nash Home Loans
  • Mortgage Information
    • Home Loan Do's and Dont's >
      • First Time Home Buyers
      • Buying A Vacation Home
    • Credit >
      • How To Increase Your Score
    • Getting Pre-Qualified
  • Loan Options
    • Conventional Loans
    • FHA Loans
    • Jumbo Loans
    • VA Loans
    • Refinance Options >
      • Lower Your Payment
      • Pay Off Your Mortgage Faster
      • Debt Consolidation
      • VA Refinance
    • Rehabilitation Loans
    • Reverse Mortgage
    • Fixed vs Adjustable
  • Apply Now
  • Contact Us