What is a conventional fixed-rate mortgage? - Veridian

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What is a conventional fixed-rate mortgage?

Traditionally, this is the most popular type of mortgage. It allows you to enjoy the comfort and consistency of a fixed rate.
  • 30-year terms offer the most affordable fixed-rate payment option. It's ideal if you plan to remain in your home for several years.
  • 15-year terms allow you to get a lower interest rate and build equity in your home faster.
Learn more about fixed-rate mortgages.
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