Arizona interest rates, fixed-rate mortgages are available for 30 years, 20 years, 15 years and even 10 years. There are also ""bi-weekly"" mortgages, which shorten the loan by calling for half the monthly payment every two weeks. (Since there are 52 weeks in a year, you make 26 payments, or 13 ""months"" worth, every year.)

Arizona interest rates fixed rate fully amortizing loans have two distinct features. First, the interest rate remains fixed for the life of the loan. Secondly, the payments remain level for the life of the loan and are structured to repay the loan at the end of the loan term. The most common fixed rate loans are 15 year and 30 year mortgages.

During the early amortization period, a large percentage of the monthly payment is used for paying the interest . As the loan is paid down, more of the monthly payment is applied to principal . A typical 30 year Arizona interest rates fixed rate mortgage takes 22.5 years of level payments to pay half of the original loan amount.

- Take Advantage of the Low Interest Rates in Arizona!

Interest rates are at an all time low. Now is the perfect time to get a Arizona mortgage or to refinance your Arizona home. There are two basic types of Arizona mortgages to pick from: fixed-rate mortgages and adjustable rate mortgages (ARM’s). You can even get a combination of the two. Fixed-rate mortgages have the advantage of always being the same amount and never increasing. Adjustable-rate mortgages have the advantage of being a little lower, with the possibility of going lower, depending on the market. To see which type of mortgage best fits your needs, contact one of our experienced Arizona representatives by filling out the form at the top of this page.

- A Arizona Loan that Fits You

There are as many different Arizona loans as there are borrowers. We have Arizona loans for first time home buyers and second time home buyers. We have Arizona loans for people with a lot of money to put down or for people with none at all. We offer just about any length of term—3 year, 5 year, 10 year, 15 year and 30 year mortgages. We have loans for the self-employed or for people with unverifiable income. All of these Arizona loans take advantage of today’s low interest rates. Don’t miss out on these incredible rates and fill out the form above.