Most popular mortgage option Consistent budgeting every month Choose among 10-, 15-, 20- and 30-year terms Interest rate never changes during mortgage term 30-year is most popular; offers lowest monthly payment option A Fixed-Rate Mortgage is Investors’ most popular loan program. It provides the security of a consistent interest rate and payment over the life of your loan. Planning to live in your home for a long period of time? Like consistency in your budget? Then a Fixed-Rate Mortgage might be right for you. Your overall interest rate will depend on the term of the loan. A 15-year Fixed-Rate Mortgage will enable you to own your home in half the time of a 30-year Fixed-Rate Mortgage, but your payments will be higher. One way to receive a reduced rate on a Fixed-Rate Mortgage would be to consider a Bi-Weekly Mortgage Program. Please Note: Web site authorization by the New York State Department of Financial Services is pending. Until this site is authorized, no mortgage loan applications for properties located in New York will be accepted through this site.