Fixed Rate Mortgage Loan Program

If you expect to live in your home for many years, you may want a fixed rate mortgage. Most borrowers prefer the stable, predictable payments of fixed rate mortgages. Fixed rate mortgages have fully amortizing monthly payments that include both a principal and an interest payment.

The 15 year fixed rate mortgage is a very popular choice for borrowers who want to build equity faster as the interest rates are lower than the 30 year fixed rate mortgage and the principal payments are higher due to the shorter term.

Fixed Rate Loans are commonly available in a variety of repayment terms including: 10, 15, 20, and 30 years.