| 15 Year Fixed Rate |
| Description: This loan carries a fixed rate and payment for 15 years.
Benefits: Your payment will not change for the duration of your loan, even if interest rates rise. By paying off your loan over 15 years, instead of 30, you will build equity in your home at a much faster rate. 15 year loans also offer rates significantly lower than 30 year loans. To Consider: Fixed rate mortgages generally carry a higher rate than adjustable rate mortgages. If interest rates fall, you will only receive a lower rate if you refinance the loan. Also, by amortizing your loan over 15 years, you are obligating yourself to a larger payment. |
| For information about 15 Year Fixed Rate loan program, please contact us |
Equal Housing Lender. Some products may not be available in all states. Restrictions apply.
All rights reserved. Pre-qualification is neither pre-approval nor a commitment to lend; you must
submit additional information for review and approval. Approval may be subject to rate increases,
satisfactory title and appraisal review, and no change in financial condition. *Refinancing
or taking out a home equity loan or line of credit may increase the total number of monthly
payments and the total amount paid when comparing to your current situation.