Victorian Finance Offers Loans with Fixed Mortgage Rates in Houston

Victorian Finance, an established mortgage bank that operates across more than ten states, is offering loans with fixed mortgage rates in Houston.

Bridgeville, PA (prHWY.com) October 17, 2012 - Houston, Texas (September 25, 2012) - Victorian Finance, an established mortgage bank that operates across more than ten states, is offering loans with fixed mortgage rates in Houston. Fixed rate mortgage programs are the easiest loan type to understand and they continue to be viable options for home loan applicants.

Prevailing Houston, TX mortgage rates have remained unchanged for quite some time, as they stay above the low point for 30-year and 15-year fixed rate products. According to Nat Criss, the managing partner at CMG Equities, the static nature of fixed rates is positive news for people shopping for a new home.

Many people prefer a fixed rate program since the monthly payments both for the principal as well as the interest for the loan is not drastically affected by market changes. Though property taxes and homeowners insurance may increase, on the whole, the monthly payments will remain stable with only minimal increases.

Borrowers are also attracted to fixed rate mortgages over adjustable rate mortgages, where periodic changes can happen during the course of the loan payment period. These fluctuations in the interest rates of the loan are seen as the primary reason why people get a fixed rather than an adjustable rate.

If a person's income does not grow significantly over the years, a fixed rate mortgage may prove to be advantageous for the homeowner. Most loan programs offer a 30-year payment period, but these loans can also be acquired at 10 to 50-year payment periods.

Aside from multi-year fixed rate loan programs, Victorian Finance also offers fixed rate programs with bi-weekly mortgages and interest rate buy-downs. For more information, visit www.VictorianFinance.com today.

About Victorian Finance

Victorian Finance is a mortgage firm with operations in more than ten states. The company is dedicated to giving comprehensive and affordable real estate financing products and solutions. Their professionals have the necessary expertise in various facets of real estate financing such as refinancing processes and prevailing mortgage rates.

###

Tag Words: mortgage houston tx, mortgage rates houston

Categories: Finance

Press Release Contact
212 Washington Ave Suite 300, Bridgeville, PA 15017
888-333-0191

Link To This Press Release:

URL HTML Code