Country Living Loans

Financial Services

Fixed Rate Loans

[Features & Benefits] [Frequently Asked Questions]

Fixed Rate Loans are mortgages that offer a fixed rate of interest for the life of the loan. Fixed rate loans are offered with terms of five, ten, 15, 20 and 30 years.

This may be an attractive option if you:

Wish to lock in a rate for the life of the loan
Want the comfort of knowing your rate will remain the same
If you do not to or can not take interest rate risk

Features and Benefits

Feature	Benefit
Rate Lock is available at any time during application.	You can lock in the current fixed rate any time from application until loan closing to eliminate the risk of rates going up during the process. You may be subject to the payment of a rate commitment fee if you lock in prior to closing.
Rate is fixed for the life of the loan.	Many lenders are unwilling to commit to long-term rates or loans on Ag loans. GreenStone helps you reduce your risk by assuming the risk of increasing market interest rates.
Guaranteed payment amount.	With fixed-rate loans, you never need to worry about your payment increasing due to rate changes.

Frequently Asked Questions

Question	Answer
Can I prepay my loan without a penalty?	This depends on the loan product you select. Most fixed rate products are available either with no prepay penalty or with a prepay penalty. Prepay (make whole) products are also available.

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