Draper's most popular mortgage option is called a Conventional Fixed Rate Mortgage. Conventional Fixed Rate Mortgages (or "FRM" for short) offer constant interest rate for the entire life of the loan and monthly payments remain constant. For the most part, a down payment of 20% is required, but that is not always the case. The life of this mortgage ranges 10-40 years.
The opposite of a Fixed Rate Mortgage, Adjustable Rate Mortgages (ARM) are not fixed. It's only fitting that they call it an … (0 comments)
Home loan options in Draper, Utah. Here's your guide to mortgages in Draper. 
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