If you’re looking for a mortgage* that will give you the security of knowing your monthly principal and interest payments won’t change (no matter how much interest rates change), a fixed-rate conventional mortgage may be the right loan for you.
Conventional mortgage loans feature:
- Protection from rising interest rates
- No surprises – monthly principal and interest payments are fixed for the life of the loan
Conventional mortgages are right for:
- People who prefer knowing that their payment will be the same each month
- Borrowers with fixed incomes
- Homebuyers who plan to stay in their home for an extended period of time
- Borrowers who are buying when interest rates are low and who want to lock into those low interest rates
Please contact your local mortgage banking professional if a conventional mortgage loan is right for you.
* All credit products are subject to credit approval.