what you should know now about mortgage loans

Lock in your rate and monthly payment for the life of your loan. A fixed-rate mortgage has a rate and payment (principal and interest) that stay the same for your entire loan term. For today's rates and payments, get a rate quote. As low as 3% down payment options available. Choose a term of 10, 15, 20 or 30 years. Talk to us about our HomeReady Loan that offers affordable down-payment financing for low- and moderate-income borrowers Fixed-rate home loans are often a good choice when: You want to stay in your home for many years. You think rates may go up in the future and want to lock a low rate now. You prefer steady monthly payments for your budget. Different terms offer different benefits: Longer terms have higher rates but lower monthly payments. Shorter terms have higher monthly payments, but your rate is lower and you pay less interest over time.