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Mortgage Loans

There are many different kinds of mortgages. One kind of mortgage may be the right option for one family, and another kind might be better for a different family. Make sure that you discuss your options with a financial professional that can help you decide the right option for you. Reverse Mortgages of Southern California can help you get the home of your dreams with our expertise in reverse mortgages.

We have provided much of the information that you’ll need to understand the differences between a fixed-rate mortgage and an adjustable rate mortgage. Our experts are happy to answer any questions you may have, and we are ready to help you figure out the best kind of mortgage for your family.

Fixed-Rate Mortgage

Fixed-rate mortgage gives you the security of paying the same payment every month for a fixed period of time. Fixed-rate mortgages are a great option if you plan on staying in your home for many years. They are the best long-term solution for owning your home. Fixed-rate mortgages are easy to refinance in order to get a lower rate.


Adjustable Rate Mortgage

The interest rates of an adjustable rate mortgage change with the interest rates of the current market. Adjustable rate mortgages are usually the best option if you plan on staying in your home for a few years, or if you believe that the interest rates will drop in the upcoming years. You can always refinance in order to switch to a fixed-rate mortgage.