With a citi bank mortgage fixed rate loan you can choose from 10,15,20,30,40 year term and enjoy a set interest rate over the life of your mortgage loan.Adjustable rates loan are monthly payments are fixed over a period of time and can be adjusted either up or down.
Interest rate this is also fixed at the same rate and can be changed over time the biggest benefits to theses type of loans are that the interest rate is lower than a fixed mortgage rate which puts more money in your pocket and helps you pay of your mortgage faster if you so wish.
Fixed rate loan your monthly payments and interest stay the same throughout the time of the mortgage loan.The interest payments stay the same over the period of the loan which can be good if you are on a tight budget and you want to know how much you need to budget for your mortgage each month.
The biggest benefit for theses type of loans are that your monthly payments stay the same throughout the loan which makes it easier to budget for your mortgage and your finances
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