[b][SALT LAKE CITY, 9/14/2016][/b] – Primary Residential Mortgage, Inc., one of the largest home mortgage lenders in the United States, offers 15-year and 30-year fixed rate mortgages. Backed by Fannie Mae, Ginnie Mae, or Freddie Mac, these traditional loans allow borrowers to know exactly how much they are paying every month; both also provide flexible terms and easy budgeting for future homebuyers.

[b]Different Options for Different Budgets and Lifestyles[/b]

The two fixed-rate mortgage options at Primary Residential Mortgage, Inc. can fit any budget. The 15-year mortgage, for instance, is suitable for those who have the financial cushion. Despite requiring slightly higher monthly payments, it allows borrowers to pay off the loan in less time. The 30-year fixed rate mortgage, on the other hand, is suitable for those looking for lower monthly payments and more cash in the bank.

Both options require only 5% down payment; it also allows borrowers to put down 20% or more, and they would not pay mortgage insurance anymore.

[b]Transparent, Thorough Mortgage Process[/b]

Primary Residential Mortgage, Inc. uses a thorough mortgage process. “This allows us to make the mortgage lending experience as easy and smooth as possible,” folks at the lending company said. “Our mortgage professionals are here at every step to guide and answer questions.”

The company’s mortgage process starts with a consultation. The loan officers will discuss the fixed rate mortgage options to clients, as well as the documentation needed for each option (e.g. paystubs, tax returns, and credit report). If an appraisal is necessary, Primary Residential Mortgage, Inc. will order one from a state-certified appraiser; they will gather additional documentation from third parties as well.

After the loan approval, the lender will schedule a closing to complete the transaction.

[b]About Primary Residential Mortgage, Inc.[/b]

Primary Residential Mortgage, Inc. is a large home mortgage lender with 49 locations across the country. Apart from fixed rate mortgages, they also offer FHA, VA, Jumbo, Rural Housing (USDA), FHA Choice, FHA 203(k), ARM, HARP, and Reverse mortgages. Some of their clients include first-time buyers, investors, and those looking to buy a second home.

Interested individuals may visit https://www.primaryresidentialmortgage.com for more information.