Loans

  
Mortgage Loan Options
Most Popular Loan Options Comparison

Loan option
             A good choice if…
 30-year fixed
  • Rates are currently low.
  • You want the safety and stability of fixed monthly mortgage payments for the life of your loan.
  • You plan on keeping your home and loan for many years.
 15-year fixed
  • Rates are currently low.
  • You plan on keeping your home and loan for many years.
  • You can afford to pay a little more each month.
  • You want to pay off the loan in a shorter period.
  • You want the safety and stability of fixed monthly mortgage payments for the life of your loan.
 5-year ARM
  • You want a low initial rate.
  • You feel interest rates will fall within 5 years.
  • You plan to move or refinance within 5 years.
 3-year ARM
  • You want a low initial rate.
  • You want to minimize your monthly mortgage payments.
  • You plan to move or refinance within 3 years.
 
  You can also see answers to common mortgage questions by checking out:

Loans
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