Citibank Fixed 4 Years

The Citibank 4-Year Fixed Rate home loan offers the borrower a standard fixed rate lasting four years before it revert to the standard variable rate. This option gives some people a better sense of security in terms of their monthly payment requirements. There is nothing that offers peace of mind more than knowing what you owe each month. It provides the buyer with more options for managing their repayments.

Also, there are some other benefits to choosing Citibank’s fixed rate home loan. One of these features is the rate lock, a perfect way to secure the best interest rates right at the time you are applying for financing. There is no charge for this 60-day rate lock.

KEY BENEFITS

There are several features to consider when choosing a Citibank fixed rate home loan.

Added Payment

You will not incur penalties for extra payments up to $1,000 a month or if you decide to pay $1,000 more each month on top of the regular amount.

Splitting A Loan

You have the option of dividing up the loan based on different styles of home loans, allowing you to make use of the different features of both for repayment purposes.

Portable

This loan product is portable meaning you can move it with you if you find a better property or sell it.

Interest Only

You can choose to pay only the interest on mortgage payments for up to 5 years. Then once this time period ends, you would have to pay both interest and principal each month.