• 10-40 Year Fixed Rate
• ARM Alternative
• 15 Year Term

10-40 Year Fixed Rate

A fixed rate mortgage may be just what you are looking for if you like the idea of stability. It can be a lot easier to budget your money when you know your mortgage interest rate isn't going to change every year. Plus, SunTrust offers you a lot of options to customize a fixed rate loan to your needs. Need the biggest tax break available? Stick with a 40 or 30 year term. Kids headed for college in the next decade or so? Maybe a 15 year term would suit you better. Interested in paying your loan off early -- but as painlessly as possible? Check out our Bi-Weekly^SM Mortgage Payment Plan. Would you like to ease into homeownership? Look into our Temporary Buydown options, like the ARM Alternative. Whatever your situation, SunTrust can work with you to make sure you get the perfect loan for your lifestyle!

Offers a fixed rate over the life of the loan with fixed payments of principal and interest.

• No payment shock, as with an ARM (Adjustable Rate Mortgage).
• No prepayment penalty.
• 2nd homes.
• Investment properties.
• Automated underwriting for faster approval and reduced documentation.

Note: Another product may be better if:

— You are having significant difficulty qualifying at the fixed interest rate available.
— You anticipate moving in a few years.
— You think interest rates are headed down.
— You like the flexibility that an Adjustable Rate Mortgage (ARM) offers.

To see examples of monthly payment terms, view our APR Examples.

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ARM Alternative

If only you could get the low initial interest rate of an Adjustable Rate Mortgage (ARM) but the payment security of a fixed rate loan. At SunTrust, you can!! Our ARM Alternative is a temporary buydown on a fixed rate loan. The ARM Alternative provides an option for borrowers who want the best of both worlds- that low initial rate and the interest rate protection of a fixed rate mortgage. ARM Alternative loans are available with either conventional fixed rate loans, FHA, or VA loans. Maximum loan amount is the conforming loan limit.

• Interest rate is known over life of loan.

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15 Year Term

The most common loan applied for throughout the country is a fixed rate 30 year mortgage. That might be the right choice for you. But have you considered a fifteen year loan? What do you have to gain by choosing a shorter term?

• A 15 Year mortgage carries a lower interest rate right from the start, compared to a 30 year loan, as much as 1/2% or more.
• A 15 Year loan will typically cost you tens of thousands less in interest over the term of your loan than a 30 year loan
• A 15 Year loan will mean your house is paid off in half the time - perhaps just in time to pay for college tuition for your children or elder care for your parents
• A 15 Year loan will help you build up equity in your home much faster - enabling you to receive more in cash if you have to sell before the loan is paid in full.
• A 15 Year loan, while more expensive each month, is NOT twice as expensive as a 30 year loan -- it is more affordable than you may think!.
• A 15 Year loan means that you are putting more of your disposable monthly income toward paying off your mortgage debt than in other investment vehicles. Against most competitive investments, your house compares quite favorably.

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