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Types of Mortgage Loans

Fixed-rate mortgages:

Fixed-rate mortgages are those where the interest rate stays the same (fixed) for the life of the loan. Even if interest rates double, your payment stays the same. If interest rates drop dramatically, you may be able to refinance and take advantage of the lower rates.

Adjustable-rate mortgages:

Adjustable-rate mortgages are just that - adjustable. They typically have a low introductory rate that's guaranteed for a certain period of time; after that, your rate rises and falls along with interest rates in general. If you're considering an adjustable loan, it's vitally important to run the numbers and see what rising interest rates would do to your mortgage payment. There's never a guarantee that rates will stay low, and a dramatic increase could put you in a real bind. However, if you're only planning to stay in your new home for a few years, an adjustable mortgage may make sense for you.

Hybrid mortgages:

Hybrid mortgages have a fixed interest rate early in the life of the loan, shifting to an adjustable rate in later years. As with adjustable mortgages, it's important to do the math to see what rising rates will do to your payment.

Office Locations

  1. Landoak
    Realty Executives Associates
    10255 Kingston Pike
    Knoxville, TN 37922
    Phone:(865) 693-3232
  2. Bearden
    Realty Executives Associates
    109 Northshore Dr. Ste 200
    Knoxville, TN 37919
    Phone:(865) 588-3232
  3. North
    Realty Executives Associates
    3232 Tazewell Pike
    Knoxville, TN 37918
    Phone:(865) 688-3232
  4. Maryville West
    Realty Executives Associates
    1213 W Lamar Alexander Pkwy
    Maryville, TN 37801
    Phone:(865) 983-0011
  5. Maryville Downtown
    Realty Executives Associates
    535 W Lamar Alexander Pkwy
    Maryville, TN 37801
    Office:(865) 984-1111
    Fax:(865) 983-4621
  6. Ebenezer at Westland
    Realty Executives Associates
    8915 Linksvue Drive
    Knoxville, TN 37922
    Phone:(865) 531-2020
  7. Oak Ridge
    Realty Executives Associates
    190 North Purdue
    Oak Ridge, TN 37830
    Phone:(865) 482-3232
    Fax:(865) 482-0203
  8. Madisonville
    Madisonville
    4013 Highway 411
    Madisonville, TN 37354
    Office:(423) 442-1975
    Fax:(423) 442-8015

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Realty Executives Associates is licensed in the state of Tennessee. The Fair Housing Act prohibits discrimination in the sale, lease, or rental of housing, or making housing otherwise unavailable because of race, color, religion, sex, national origin, familial status, or disability. Each office is independently owned and operated. By registering on this website (providing your name and/or contact information) you are making an inquiry and are granting permission for an agent to contact you via telephone and/or email, regardless if you are registered with the national, state, or other Do Not Call list. The data relating to real estate for sale on this website is being provided for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Some or all of the listings on this website may not belong to Realty Executives Associates. Each office is independently owned and operated. Each office is independently owned and operated. Each office is independently owned and operated. Each office is independently owned and operated. Each office is independently owned and operated. Each office is independently owned and operated.