Adjustable Rate Mortgage

An adjustable-rate mortgage(ARM), popularly called a variable-rate mortgage, has an interest rate that may change regularly depending on various changes in an underlying or corresponding financial index that is associated with the loan. RCD Capital offers adjustable-rate mortgages that can save you money on interest. Usually, your monthly payment will either decrease or increase if the index rate decreases or increases.

ARM mortgages are often named according to the length of time that the interest rate stays fixed and how frequently the interest rate is subjected to adjustment thereafter.

10 Year Fixed

A ten-year fixed-rate mortgage is a home loan you can pay off in ten years. These mortgages maintain the same interest rate and monthly payments(excluding changes in insurance and taxes) over the 10-year loan term. While you can secure a ten-year fixed mortgage in order to buy a home, these products are most popular for refinances.

Although most mortgage loans have terms of 15 or 30 years, a homeowner who wants to pay off his loan faster may take full advantage of a ten-year mortgage.

15 Year Fixed

A 15-year fixed-rate mortgage is a home loan with a fixed repayment period of 15 years. The interest rate on these mortgages remains the same throughout the term of the loan. These loans meet the rules and guidelines established by the FNMA(Federal National Mortgage Association).

Like other kinds of mortgages, you can use a 15-year, fixed mortgage from RCD Capital to buy property. Many people get a fixed-rate mortgage to purchase their primary residence. On the other hand, some obtain it to purchase a vacation home.

20 Year Fixed

A 20-year fixed-rate mortgage is a home loan with a 20-year loan term. The interest rate remains the same for the entire duration of the loan. Did you know that the 20 year fixed mortgage offers many unique benefits?
This makes it an attractive solution for purchasing or refinancing a home. And like the 30-year fixed-rate mortgage loan, a 20-year fixed mortgage also offers the security and peace of mind of a fixed rate as well as consistent payments. This makes it an excellent choice for most first-time homebuyers.
Are you trying to determine whether or not a 20 year fixed mortgage is the best loan option for you? Our specialists can help!

30 Year Fixed

A 30-year fixed mortgage is the most popular mortgage loan option in the US. It has a repayment period of 30 years. Note that if you qualify for a 30-year fixed mortgage, you will make the same payments over the course of 30 years to pay for your home.
It is an excellent option for you if you:
• Would like to keep your monthly payment low and enjoy the stability of a fixed interest rate
• Want to get approved for a larger loan
• Intend to stay in your current home for the long-term