Online and Mobile Banking Update: September 24.
As part of our commitment to delivering the best online and mobile banking experience for our customers, we’re here to help you prepare. Learn more about service interruptions, how to prepare and helpful next steps for personal and business banking.

Conventional Fixed-Rate Mortgage

Definition

Offers you a set interest rate and payments that do not change throughout the life, or “term,” of the loan. A conventional fixed-rate loan is fully paid off over a given number of years – usually 15, 20 or 30. A portion of each monthly payment goes toward paying back the money borrowed, or the “principal,” with the rest being interest.