Today's Rates

Updated 7/21/2018 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
Welcome! We’ve been the number one mortgage lender for three years in a row. Let us help you find the best mortgage!
Menu Chat
line
Fast Response Request
close
Fast Response Request
First Option is committed to protecting your privacy. Your information is safe with us.

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 »

Thanks you for all of your help during the loan process. Your hard work and dedication paid off in the end and enabled us to get into our new home. The Lopezi Family

First Option Blog

5 Quick Ways to Improve Your Credit Score For a Low Mortgage Rate

July 09, 2018

Before you start looking for your dream home, it’s important to know your credit score and how it can affect your finances after you apply for a mortgage loan.. Generally, the better your credit score, the better home loan terms you’ll qualify for. The difference in interest between someone with a FICO score of 650 […]

Read more ›