Finding low 10 year home loan rates is a snap using the rate survey on PriceAMortgage.com. Simply use the product selection dropdown box on this page to choose 10 year pricing and then select your state and go. While 10 year mortgage programs may not be quite as popular as 30 year mortgages and 15 year home loans, there are certainly many people that can benefit from the up-side of these products. 10 year fixed rate home loans allow consumers to pay off the principal and interest on their mortgage in only 120 months. Obviously one’s monthly payment is going to be considerably higher than it would be with a 30 year amortizing loan. But, the amount of interest saved over the life of the loan could equal thousands, if not tens of thousands of dollars. To request current 10 year mortgage rates please contact the lenders and brokers in the survey on this page.
Benefits of 10 Year Home Loans
- 10 yr mortgage rates are often lower than 15, 20, and 30 year rates.
- Rate is fixed for 120 months and loan is fully amortized over that period of time.
- They offer the consumer the ability to budget effectively knowing that their principal and interest payments will not fluctuate on a monthly basis.
Additional Providers to Consider When Shopping for 10 Year Mortgage Rates:
American Financial Resources is a national mortgage lender based out of Parsippany, NJ who offers home loan assistance throughout much of the United States. You can check mortgage rates on their web site using their Mortgage Rate Quote Form. For more information call 800-316-9508. NMLS#2826
Gateway Bank Mortgage is a mortgage company that serves much of the Southeastern shoreline including MD, VA, NC, SC, GA & FL. You can learn more about their 10 year mortgages and other fixed rate loan programs by visting their web site or by dialing 877-728-3569. NMLS#463089