You prefer stability on the important things in life

Fixed-Rate Mortgages

Are you looking for a mortgage payment with consistent rates and payments? If so, you might want to consider a fixed-rate mortgage. EverBank^® offers extensive mortgage experience, online resources, and knowledgeable specialists who can help you select the right home financing solution for your situation.

We provide consistency, so you can focus on what you value the most.

Fixed-rate mortgages can offer you the following benefits:

Fixed monthly principal and interest payments.
Choice from 15- to 40-year terms.
Interest only payment option available.
Quick pre-qualification for qualified borrowers.
Financing up to $1 million.
The option to lock in interest rates up to 30 days prior to your loan's closing date.

Consistent payments.
Competitive rates.

30-year Fixed-Rate Mortgage

4.750%

4.910% APR¹

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Should I consider a 10-year interest-only payment option on a 30-year fixed-rate mortgage?

This really depends on your financial goals and cash-flow needs. We feel it's important to understand that while you are only required to pay the interest on your mortgage for the first 10 years, you have the flexibility to pay any amount toward your principal when it makes sense for your situation. If you pay only the interest due during the interest-only period, your monthly payments will increase after this term to include both principal and interest. Of course, you will have the option to refinance or pay the mortgage balance in a lump sum. Generally, this payment strategy works well for borrowers who:

Require a larger home and desire to make the lowest possible monthly payment for a set period of time.
Want to allocate funds that they would normally pay towards their principal balance to a college, retirement, or investment fund.
Receive seasonal income or a large annual bonus such as corporate executives, small-business owners, and commission-based salespeople.

How can I be sure that a fixed-rate mortgage is right for me and are there any associated risks I should be aware of?

Many borrowers prefer fixed-rate mortgages due to their consistent monthly payment. Reasons why you might choose a fixed-rate mortgage can range from maintaining a simple monthly budget to anticipating that you'll live in your home beyond the period that could make an adjustable-rate mortgage more cost effective. EverBank provides Mortgage Specialists and home financing calculators to help you determine if a fixed rate is the appropriate home financing solution for your situation.

When choosing a fixed-rate mortgage, you should be aware that only the principal and interest portion of your mortgage payment will never change. Potentially, your payment could increase or decrease depending on whether or not your mortgage insurance, taxes, hazard insurance and flood insurance (if applicable) are included in your monthly payment.

I'm interested in applying for an fixed-rate mortgage, what's my next step?

EverBank offers the following flexible options to start your mortgage application or answer your lending questions: Contact a Mortgage Specialist at: 877.436.4381.