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Fixed-Rate Mortgages

Like the idea of stability? With a fixed-rate mortgage, you can count on consistent monthly payments and fixed interest rates for the life of your loan. Whether you want to maximize your tax benefits1 over a longer term and pay less each month, or pay off your loan sooner with a shorter term, SunTrust Mortgage offers a fixed-rate loan that meets your unique needs and fits your lifestyle.

Advantages of a fixed-rate mortgage:

  • Stable, competitive rates keep payments predictable and affordable
  • You can choose from a variety of repayment periods
  • You have the option to pay off your mortgage sooner with bi-weekly payments, or make additional payments to principal at any time (additional payments will not change the amount of the payment due each month)
  • There’s no penalty for paying off the fixed rate loan early

What you'll need to consider:

  • The interest rate you pay on a longer-term loan may be lower than on a shorter-term loan, but you pay more in interest over the life of the loan
  • You can’t take advantage of rates that might decrease during the loan term unless you refinance
  • The length of time you plan to stay in your home and the loan’s long-term impact on your budget

Call 877.907.1043, email us or find a loan officer serving your community to learn more about fixed-rate mortgages.

DISCLAIMERS

1 Consult with your tax advisor regarding your personal situation. 

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