0FeeMortgages offers a wide range of fixed rate options. We offer terms of
10, 15, 20, and 30. You can choose among them to find the term that’s
best for you. A shorter term will result in a higher payment, but you will save
thousands of dollars in interest over the life of the loan.
The table below shows you the interest savings on a $100,000 loan at 8.5% interest:
Term | Monthly Payment | Total Interest Accrued |
| 30 yr. | $768.91 | $176,808.95 |
| 20 yr. | $867.83 | $108,277.58 |
| 15 yr | $984.74 | $77,253.12 |
By paying $215.83 more a month on a 15-year mortgage, you'd save almost $100,000
in interest over a 30-year loan - and own the your house in half the time.
What If I Don’t Fit The Box?
While most lenders offer fixed rate mortgages, the criteria they use for qualifying
borrowers are rather strict. If for some reason you don’t "fit the
box", you’re out of luck.
While our rates for "conforming" fixed rate loans are always among
the lowest in the industry, we also offer loans for "everyone else".
For example, 0FeeMortgages offers loans for:
-- New Construction
-- Self Employed Individuals
-- Borrowers with "Difficult to Document" Income
-- Borrowers with "Less Than Perfect Credit"
-- First Time Borrowers
-- Low Down and No Down Borrowers
-- "Combination" Loan Borrowers (1st and 2nd lien Loans)
So if other home lenders have turned you down, you’ve come to the right place.
