| Fannie Mae Mortgage's |
40-Year Fixed-Rate Mortgage
Key Features
With a longer amortization period, borrowers obtain
lower mortgage payments.
Easier to qualify for a mortgage as well as a larger loan
amount.
Key Features
With a longer amortization period, borrowers obtain
lower mortgage payments.
Easier to qualify for a mortgage as well as a larger loan
amount.
Fannie Mae Mortgage
Solutions
Solutions
By increasing the standard loan term from 30 to 40 years, monthly payments
are lower, thus making them more affordable, and increasing borrowers'
purchasing power. The 40-year Mortgage is ideal for borrowers who face
affordability issues and think homeownership is beyond their reach. First-time
homebuyers, or those living in high-cost areas seeking manageable monthly
payments may find this amortization term attractive.
are lower, thus making them more affordable, and increasing borrowers'
purchasing power. The 40-year Mortgage is ideal for borrowers who face
affordability issues and think homeownership is beyond their reach. First-time
homebuyers, or those living in high-cost areas seeking manageable monthly
payments may find this amortization term attractive.
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