Fixed-Rate Mortgage Loans
Fixed-rate mortgages are the most common mortgage for first-time homebuyers because they're stable. Typically the monthly mortgage payment remains the same for the entire term of the loan - whether it's a 15-year, 20-year, or 30-year mortgage - allowing for predictability in your monthly housing costs.
Benefits of a fixed-rate mortgage
Once you have met with an Alaska USA Mortgage Company loan originator and reviewed the variety of loan options, you can move forward and get prequalified. Your loan originator will review your credit report and explain how your credit affects your purchasing power.
Your loan originator will give you a list of documents that you need to bring in to be reviewed by local underwriters. Common documents requested are:
Alaska USA may ask for additional items that are required based on the specific loan that you choose based on your financial status or situation.
Don't forget, the choice is yours when it comes to selecting the title and escrow agency, acting as the neutral party for you and the seller.