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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. |
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