40 Year Mortgage, California Mortgage and Home Loans

In the last few years we've seen the introduction of the 40-year mortgage. Some homeowners were excited others were not. The 40-year mortgage allows the homeowner to lower their monthly payment compared to a traditional 30-year mortgage. There are longer mortgages, such as the 50-year mortgage. With the 40-year mortgage, you are paying both principal and interest on a monthly basis. Most of the time the payments are slightly higher than an Interest Only payments but lower than a traditional 30-year mortgage. Below are some different lengths in mortgage terms:

Adjustable rate mortgages (mortgages that have a fixed term and then adjust) are usually 30-year mortgages that have a fixed rate for 2, 3, 5, 7 or 10-years. There are some mortgage programs that base their adjustable rate programs on 40 or 50-year mortgages

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Office Phone: 1.800-550-5538 Fax: 1.310.694.8188

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jb mortgage capital, inc. (formerly priority one lending, inc.), is a mortgage broker licensed by the state of california department of real estate #1836772.
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The 40-Year Mortgage

Benefits of a 40-Year Mortgage

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