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Does New York Give 10-Year Fixed Terms?

Mortgage Library: Ask a Mortgage Related Question: Answers: Does New York Give 10-Year Fixed Terms?

Question:

Hi,

I recently in the middle of doing a refinance, and I starting to lose trust in my current mortgage company. I want to do a Refinance and one guy in my mortgage company said "New York State doesn't allow 10 year fixed terms". Is this true? Then he said, he could but only give me a 10-year through a 15-year and in a certain package. My mortgage company in Wells Fargo.

I don't buy this. I need your opinion.

G. M.
New York City
New York

Answer:

That is false. We can offer any term in the state of NY.

Brian Bogdansky


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