We’re happy to announce that one of our lending partners has introduced their “Value Mortgage” today.
The Value Mortgage is a 5 year fixed at 3.59% (currently) that offers mortgage borrowers an exceptionally low rate.
For those who are most budget conscious and are absolutely positive that they will be staying in the home for at least five years, and are not interested in making any pre-payments, then this might be the product for you.
As with anything, however, there are some restrictions, so contact a First Foundation Mortgage Broker to make find out if this product is good for you (or not).
There are several pros and cons to a “no-frills” mortgage that you should be aware of, so make sure to work with an independent mortgage brokerage like First Foundation so you get the straight goods.