20-Year Fixed-Rate

• 20-Year Fixed-Rate Mortgage Fixed-rate mortgages are Fannie Mae's flagship products, since many consumers prefer the stability of both a fixed interest rate and a fixed payment over the life of the loan. Lender Benefits Offer borrowers fixed-rate stability along with a way to build equity faster Obtain a consistent secondary marketing outlet Consumer Benefits Lock in a long-term interest rate with a stable, predictable monthly payment Borrowers who want to build equity faster should select the shortest loan term they can afford Shorter loan term carries a lower interest rate, helping borrowers to save in interest cost over the life of the loan