Today's Rates

Updated 12/10/2017 12:00:00 EST
TermRates
30 Year CONV4.250%
15 Year CONV3.500%
30 Year FHA4.250%

Mortgage rates for GA valid on today, only. Chart data is for illustrative purposes only, assumes a borrower with good credit (740 FICO), DTI under 40%, LTV of 75% and is subject to change without notice. Accuracy is not guaranteed and certain products may not be available for your situation. Getting Started With Mortgage Payments
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Getting Started With Mortgages

Understanding Mortgage Payments

The main factors determining your monthly mortgage payments are the size (the amount borrowed) and term (length of time) of the loan. There is a relationship between the two that determine the size of your monthly payment: longer terms result in smaller monthly payments and for this reason, 30-year fixed rate mortgages are the most popular type of mortgage.

What makes up a mortgage payment?

There are four factors that are involved in the calculation of a mortgage payment. They are principal, interest, taxes and insurance. When reviewing these, we’ll use the example of a $100,000.00 mortgage… click here to read more »

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First Option Blog

How Senate Tax Overhauls Could Drastically Change Your Mortgage

November 22, 2017

Senate Mortgage Tax Relief Last Monday the Senate outlined their new overhaul for the United States tax code. The proposed bill differs significantly, debated between the House of Representatives and Senate discussions. The biggest changes to come relate to individual earnings, with one of the largest corporate tax cuts ever seen said to be delayed […]

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