Rates and products offered may differ from state to state. To see the rate and offering available to you, please select the state where you bank. (Your privacy is important to us—see our Privacy Notice)
Traditional fixed-rate mortgages with constant interest rates and monthly payments that never change.
Long-Term Fixed-Rate Mortgages
The traditional long term fixed-rate mortgage[cite::56::cite] has a constant interest rate and monthly payments that never change. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.
Shorter Term Fixed-Rate Mortgages
These loans are fully amortized over a shorter term than a traditional mortgage and feature constant monthly payments. They offer all the advantages of the traditional mortgage loan, plus a lower interest rate—and you'll own your home twice as fast.