Address: 5319 Broadway Knoxville, TN 37918 View Map
Phone: (865) 687-8200
Email: Click Here to Contact Us!

About Us

Fountain City Finance has been providing mortgages and financial services to hundreds of satisfied East Tennessee residents since 1991. We maintain a local, hometown approach while providing low rates and money-saving refinancing for our clients. We are locally owned and operated featuring a variety of lenders available to find a financial arrangement specific to each client offering the best possible opportunity for every situation.

Fountain City Finance Company has 18 complaint free years as a BBB Preferred Member.

Apply Online Now or call today and apply by phone At: (865) 687-8200

Fountain City Finance FAQ

Q: Why should I buy, instead of rent?
A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are, where you can decorate your children's room and truly turn the place you and your family are living into your home.

Q: What is a mortgage refinance?
This occurs when borrower uses the money from a refinanced loan to pay off an existing home loan. Borrowers typically do this to extend their home loan period, apply for a lower interest rate, or to use some money out of their equity.

Q: When should I refinance my house?
If you want to lower your interest rate, get a shorter term, consolidate bills, or get cash out of the equity then refinancing might be a good option.

Q: What is a reverse mortgage?
Reverse mortgages are loans that allow homeowners to transfer some of their home equity into cash. In contract to traditional home loan mortgages, reverse mortgages do not require borrowers to repay their home loan until the homeowner no longer lives primarily at that residence, although he or she still owns the residence.

Q: What is a fixed rate mortgage?
A fixed rate mortgage is a home loan with steady interest rates and monthly payments that do not change throughout the life of the loan.

Q: What are lender fees?
These fees usually range anywhere from 2 to 5 percent and may include, but are not limited to, things such as appraisal costs, document preparation, and application costs.