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Choose
a 10, 15, 20, or 30 year fixed rate mortgage for the comfort and security of
knowing that your rate and monthly principal and interest payment will never
change, as long as you own your home. A longer term fixed rate loan offers the
most affordable monthly payment, a plus if you plan to stay in your home for
many years. Shorter term fixed rate loans help to build equity at a much faster
rate, and may work better for those who plan to move on in just a few years.
