A 20-year fixed mortgage is a loan that has an interest rate that stays the same for the 20-year term of the loan. The principal amount is reduced, slowly at first, and then at an accelerating pace, over the life of the loan. Someone taking out a $165,000.00 20-year fixed mortgage at the current average would pay $1,155.61 a month for the life of the loan.

If you have been searching for a 20 year home loan program, Ocean Pacific Capital can help you out. We are a 30-year old licensed California home loan mortgage company that offers low rates on home mortgage loans and the trusted, expert services that you deserve without the hidden home loan costs.

If you are currently in a fixed rate 20 year loan and you want a lower interest rate or want to own your home faster, you may want to consider refinancing to a lower term loan. Call us today at 1-800-595-1474 for a free consultation, or apply here and we will get back with you immediately.