Homebuyers look for fixed-rate.As short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. mortgage rates continue to rise, homebuyers are increasingly looking to long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. fixed-rate mortgages, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Homebridge Mortgage Bankers Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. . At present, fixed-rate long-term mortgage rates are still near record lows, offering homebuyers the security of a low mortgage rate over an extended time period. Homebridge offers prospective homebuyers access to a wide range of mortgage products, including long-term fixed rate loans and true mortgage commitments, not simply a non-binding pre-approval. "We pride ourselves on our ability to match potential borrowers with the appropriate mortgage," said Nicholas Bratsafolis, chairman of Homebridge Mortgage Bankers. |
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