Fixed Rate Mortgages

Fixed Rate Mortgages by Cornerstone Mortgage Group - Experience Long-Term Stability in Your Home Financing!

Are you seeking a mortgage option that offers predictable payments and long-term stability? Cornerstone Mortgage Group is here to help! We specialize in Fixed Rate Mortgages, providing expert guidance to help you navigate the home financing process with ease. Our dedicated team will support you throughout the journey, ensuring a smooth and stress-free experience.

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. Fixed rate mortgages are available in terms ranging from 10 to 30 years and in most cases can be paid off at any time without penalty. This type of mortgage is structured, or "amortized" so that it will be completely paid off by the end of the loan term.

Fixed Rate Mortgage Options in New Jersey

Even though you have a fixed rate mortgage, your monthly payment may vary if you have an "impound account". In addition to the monthly "principal + interest" and any mortgage insurance premium (amount charged to homebuyers who put less than 20% cash down when purchasing their home),  some lenders collect additional money each month for the prorated monthly cost of property taxes and homeowners insurance. The extra money is put in an impound account by the lender who uses it to pay the borrowers' property taxes and homeowners insurance premium when they are due. If either the property tax or the insurance happens to change, the borrower's monthly payment will be adjusted accordingly. However, the overall payments in a fixed rate mortgage are very stable and predictable.

Explore Fixed Rate Mortgage Programs for Your New Jersey Home

With Cornerstone Mortgage Group, you can choose from various Fixed Rate Mortgage options, including:

  • 30-Year Fixed Rate Mortgage

  • 20-Year Fixed Rate Mortgage

  • 15-Year Fixed Rate Mortgage

  • 10-Year Fixed Rate Mortgage

Stellar Reviews for Our Fixed Rate Mortgage Services in New Jersey

  1.  "Cornerstone Mortgage Group guided me through the Fixed Rate Mortgage process with ease. Their expertise and dedication to customer success are truly outstanding." - Jessica B.

  2. "As a first-time homebuyer, I appreciated Cornerstone Mortgage Group's support throughout my Fixed Rate Mortgage journey. They made everything easy and straightforward!" - Kevin D.

  3. "I highly recommend Cornerstone Mortgage Group for Fixed Rate Mortgages in New Jersey. Their team is knowledgeable, professional, and genuinely cares about their clients." - Lauren S.

  4. "Cornerstone Mortgage Group helped me secure a Fixed Rate Mortgage for my New Jersey home. Their assistance was invaluable!" - Brian M.

  5. "If you're considering a Fixed Rate Mortgage in New Jersey, look no further than Cornerstone Mortgage Group. Their service is top-notch, and their team is truly dedicated to helping homebuyers." - Erica P.

How Fixed Rate Mortgages by Cornerstone Mortgage Group Works

The Streamlined Fixed Rate Mortgage Process with Cornerstone Mortgage Group
We follow these simple steps to secure your Fixed Rate Mortgage:

  1. Pre-qualification: Assess your eligibility and identify the ideal Fixed Rate Mortgage program for your needs.

  2. Application: Complete and submit your Fixed Rate Mortgage application with our expert assistance.

  3. Underwriting: Our team will review your application and provide timely feedback.

  4. Approval: Receive approval for your Fixed Rate Mortgage, subject to satisfactory documentation.

  5. Closing: Finalize your Fixed Rate Mortgage and become the proud owner of your new home!

Begin Your Journey to Long-Term Stability with Fixed Rate Mortgages by Cornerstone Mortgage Group

Ready to explore your Fixed Rate Mortgage options in New Jersey? Our expert team is here to help! Email us at or click the 'Apply Now' link to schedule a consultation.

Popular FAQ

Frequently Asked Questions about Fixed Rate Mortgages by Cornerstone Mortgage Group Services

What is a Fixed Rate Mortgage?

A Fixed Rate Mortgage is a type of home loan with an interest rate that remains constant for the entire loan term. This means your monthly principal and interest payments will remain the same throughout the life of the loan.

What are the benefits of a Fixed Rate Mortgage?

The benefits of a Fixed Rate Mortgage include predictable monthly payments, long-term stability, and protection from rising interest rates. This makes budgeting and financial planning easier for homeowners.

Are there any downsides to Fixed Rate Mortgages?

Fixed Rate Mortgages typically have higher interest rates than Adjustable Rate Mortgages (ARMs) during the initial loan term. However, they provide the stability of a constant interest rate, while ARMs can increase over time, potentially leading to higher payments.

Can I refinance a Fixed Rate Mortgage?

Yes, you can refinance a Fixed Rate Mortgage, just like any other mortgage. Refinancing may be a good option if interest rates have dropped since you obtained your original loan or if your financial situation has improved, and you want to shorten your loan term.

How do I choose the right Fixed Rate Mortgage term?

Choosing the right Fixed Rate Mortgage term depends on your financial goals and circumstances. A longer term (e.g., 30 years) will result in lower monthly payments but more interest paid over the life of the loan. A shorter term (e.g., 15 years) will have higher monthly payments but will allow you to pay off your mortgage faster and save on interest.

Don't see your question here? Feel free to contact us at or schedule a consultation to learn more about our Fixed Rate Mortgages services!