40 Year Fixed Rate Program

A 40 year fixed mortgage is repaid by the borrower making 480 equal monthly payments over a period of 40 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. This type of a mortgage loan is the most widely accepted program used to finance a residential purchase and is available for conventional and jumbo loans.

30 Year Fixed Rate Program

A 30 year fixed mortgage is repaid by the borrower making 360 equal monthly payments over a period of 30 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. This type of a mortgage loan is the most widely accepted program used to finance a residential purchase and is available for conventional and jumbo loans.

25 Year Fixed Rate Program

A 25 year fixed mortgage is repaid by the borrower making 300 equal monthly payments over a period of 25 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. This type of a mortgage loan is the most widely accepted program used to finance a residential purchase and is available for conventional and jumbo loans.

20 Year Fixed Rate Program

A 20 year fixed mortgage is repaid by the borrower making 240 equal monthly payments over a period of 20 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. This type of a mortgage loan is the most widely accepted program used to finance a residential purchase and is available for conventional and jumbo loans.

15 Year Fixed Rate Program

A 15 year fixed mortgage is a type of mortgage loan that is repaid by the borrower making 180 equal monthly payments over a period of 15 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. A 15 year mortgage loan is also a widely accepted program used to finance a residential purchase and is available for conventional and jumbo loans.

10 Year Fixed Rate Program

A 10 year fixed mortgage is repaid by the borrower making 120 equal monthly payments over a period of 10 years. Since the borrower's payments are 'fixed', the borrower can expect to make the same monthly payment for the entire term of the loan. This type of a mortgage loan is the most widely accepted program used to finance a residential purchase and is available for conventional and jumbo loans.