Fixed Rate Mortgages 

You plan to be in your home for a number of years and want the same monthly payment.

Features

• Good for purchase or refinance, with tems of 15 and 30 years.
• The interest rate and monthly payment stay the same for the life of the loan.
• No penalty for prepaying your loan.
• Use your loan to buy a primary residence, invest in a second home or buy an income property.

Why choose a fixed-rate mortgage?

• You want a stable monthly payment.
• You believe interest rates could rise in the next few years.
• You plan to stay in your home for many years.

Adjustable Rate Mortgages 

You're looking for lower initial monthly payments, while qualifying for the most home you can buy.

Features

• Good for purchase or refinance, with  terms of 15 and 30 years.
• Initial fixed interest rate for 1 year, 3 years, 5 years and 7 years.
• Protection against unlimited interest rate increases.
• Many of our ARMs are assumable.
• Use your loan to buy a primary residence, invest in a second home or buy an income property.

Why choose an ARM?

• You want lower initial monthly payments than a fixed-rate mortgage usually offers.
• Lower initial monthly payments means you can buy more home.
• You plan to own your own home for the initial fixed rate period.
• You think interest rates may be headed down in the next few years.