The most popular mortgage term among homeowners is the 30-year fixed rate mortgage. This is simply because it is the longest term available with the least expensive monthly mortgage payment.
The 30-year fixed rate mortgage still offers low interest rates and is generally the safest option for first time home buyers. There are also no prepayment penalty fees with this term.
RANLife offers some of the most competitive fixed rate mortgages in the nation. To compare our rates check out the latest comparrison HERE.