Fixed Rate Mortgages

A Fixed-rate Mortgage offers the security of a fixed payment for the life of your loan with your choice of loan terms. You know exactly what your mortgage payment will be each month, with no surprises.

If you plan to live in your home for 10 years or more and you prefer a consistent monthly payment, talk to your Merrill Lynch Financial Advisor about Fixed-rate Mortgages. The most popular fixed-rate terms are 15 and 30 years.¹ The 15-year mortgage term allows you to pay off your mortgage loan more quickly, with less interest, while the 30-year mortgage term offers lower monthly payments. (Read important information.)

What you should know

• Fixed-rate Mortgages may be used to purchase or refinance your primary residence or second home.
• 10, 15 and 30-year terms are available on both conforming and non-conforming mortgages. (Read important information.)
• For conforming Fixed-rate Mortgages, 20, 25 and 40-year terms are also available (for loan amounts up to $417,000).¹ (Read important information.)
• This mortgage features fixed amortized payments for the life of the loan.
• There are no prepayment penalties.
• Large loan amounts are available.²
• Fixed-rate Mortgage is available for all types of one- to four-unit owner-occupied properties and New York co-ops.
• You can complement this mortgage with our 100% financing option.
• Conforming Plus loans, which take advantage of legislation raising conforming loan limits in particular high-cost regions, are available with certain Merrill Lynch fixed-rate Mortgages, Full documentation and appraisals are required. Other restrictions apply.