[b][DRAPER, 12/10/2015][/b] – City Creek Mortgage offers conventional refinancing to Utah residents who want to get either a fixed or an adjustable rate for their mortgage. With two options to choose from, it will be easier for clients to decide which works best with their budget.

[b]Conventional Fixed Rate[/b]

Clients who want to depend on paying a single principal and interest payment amount through the course of their loan — despite the fluctuations in the interest rate — can go for this option. This is a good for those who are planning to stay in their home for a long time.

A fixed rate mortgage can have terms from 30 years to eight years. Interested clients only need 5% down payment or an amount between $25,000 and $417,000 at closing to qualify. Super conforming loans are available at Salt Lake, Tooele, and Summit County. There will be no penalty issuance for pre-payment of loans, and this can take place any time.

[b]Conventional Adjustable Rate[/b]

Clients who are currently purchasing or refinancing a property, knowing that they will move or refinance again for the next five to 10 years can choose this option. This is ideal for those who would like to decrease their monthly payments by taking the lowest available interest rates available.

An adjustable rate mortgage allows clients to capitalize the present lowest interest rate with a fixed term from five to 10 years. After the initial term, monthly payments may increase or decrease per year depending on current interest rates. A 10% down payment is necessary and is available for pre-pay without penalties.

[b]About City Creek Mortgage[/b]

City Creek Mortgage is among the leading established mortgage companies in Salt Lake City, Utah. They believe that quality work should be with their own expertise and not with the help of independent or commission-based mortgage loan officers. They take pride in their skilled and well-experienced team for delivering customer satisfaction that lets clients maximize their financial capabilities.

Visit http://www.citycreekmortgage.com or call 801-501-7950 for more information about their purchase and refinance options.