Fixed Rate Mortgages

Fixed rate mortgages allow you to keep the same interest rate for as long as you hold your mortgage, no matter how interest rates change in the financial markets.

  • 15- to 30- year terms
  • FHA, VA and conventional 
  • Interest rate does not change
  • Principal and interest does not change
  • Fully amortized over a defined period of time and paid in full at the end of the loan term
  • The shorter the term, the faster equity is built and the loan is paid off

 

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Video: Colonial's New Online Mortgage Application​