Pick Your Payment Personality
Fixed Rate
Lock in your rate for 15, 20, or 30 years. Your monthly payment stays the same — no surprises, no spikes.
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• Predictable
• Great for long-term homeowners
• Budget-friendly peace of mind
Adjustable Rate (ARM)
Start with a lower fixed rate for 3, 5, 7, or 10 years. After that, the rate adjusts based on the market — which can mean savings upfront.
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• Lower initial monthly payments
• Ideal for short-term plans or early refinance
• Flexibility if you won’t keep the loan long-term
INterest ONly (IO)
Pay interest only for the first few years — then begin paying down the principal. It’s a flexible option for certain buyers with a long-term game plan.
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• Lower initial monthly payments
• Great for high-income or self- employed borrowers
• Smart for cash flow or short-term ownership