Fixed & Variable Rate Mortgages

Fixed Rate Mortgages
  • Consistent monthly payments
  • Loan terms from 10 to 30 years
  • Best if you plan to own the property for awhile
  • Interest rate doesn't change over the loan term
  • Available for home purchase or refinance
  • Apply online, contact a Mortgage Team Member, or visit any banking center
Variable Rate Mortgages
  • Initially offers a lower interest rate, and payment
  • Rate resets at a predetermined time, which means the new rate can be higher or lower (depending on market conditions)
  • Loan terms from 10 to 30 years
  • Best if you plan to live in the home for a short time period, want an initial lower payment, or anticipate a lower interest rate environment
  • Available for home purchase or refinance
  • Apply online, contact a Mortgage Team Member, or at your nearest banking center