Traditional Mortgages

Why should I consider a fixed-rate, traditional mortgage?

A fixed-rate, traditional mortgage guarantees the interest rate for the life of the loan, offering a predictable monthly payment of principal and interest. Traditional mortgages can range in length, with most being for 15 or 30 years.

What mortgage term is right for me?

While a longer-term mortgage offers lower monthly payments of principal and interest - and therefore greater buying power - the interest rate is typically higher than that of a shorter-term mortgage. A shorter-term mortgage builds the equity in your home faster but with larger monthly payments of principal and interest.

First Palmetto offers fixed-rate loans over a wide range of terms. For more information or to apply, contact a First Palmetto Mortgage Banker.

Home Loans

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Our expert team of Mortgage Bankers work with you one-on-one to navigate the process of buying a home.