Mortgage Rates
Mortgage rates play a major role in determining your monthly payment and the overall cost of your home loan. Rates can change daily based on market conditions, loan type, and your financial profile.
At AZM Lending, we track the latest rates from a wide network of lenders, allowing us to compare options and secure the most competitive terms for you. Whether you’re buying your first home, upgrading, or refinancing, we’ll guide you through rate trends, explain what affects them, and help you lock in the right rate at the right time.
Fixed Rate
The traditional fixed rate mortgage is the most common type of loan program, where monthly principal and interest payments never change during the life of the loan. The overall payments in a fixed rate mortgage are very stable and predictable.
Adjustable ARM
Adjustable Rate Mortgages (ARM)s are loans whose interest rate can vary during the loan’s term. These loans usually have a fixed interest rate for an initial period of time and then can adjust based on current market conditions.
Interest Only
A mortgage is called “Interest Only” when its monthly payment does not include the repayment of principal for a certain period of time. Interest Only loans are offered on fixed rate or adjustable rate mortgages as wells as on option ARMs.
Graduated Payments
A graduated payment mortgage is a loan where the payment increases each year for a predetermined amount of time (such as 5 or 10 years), then becomes fixed for the remaining duration of the loan.