Best Detroit Mortgage Rates: 10-Year Fixed
Most potential homeowners are very familiar with 15 and 30 year fixed rate mortgages. These types of loans are some of the most popular and usually the first stop in the search for the best Detroit mortgage rates. However, they’re not the only type of fixed rate mortgages and you should know that there are plenty more options across various term lengths. For instance, if you want to cut down the length of your fixed rate mortgage, you can obtain one that lasts just 10 years.
Getting a short term loan is a great way to ensure you don’t pay extra interest over time. Below is a list of the lenders in Detroit with the best interest rates on 10-year fixed rate mortgages today:
Lowest 10-Year Fixed Mortgage Rates in Detroit
- Roundpoint Mortgage Company: 3.25% APR
- AimLoan.com: 3.264% APR
- CapWest Mortgage: 3.320% APR
- Gold Star Mortgage Financial Group: 3.581% APR
These rates are accurate as of May 16, 2011 and are based on a principal loan amount of $300,000. Please note that rates are subject to change at any time and you may be offered a different rate based on your credit. Contact individual lenders to verify rates before applying for a loan.
