Log In  |  Contact Us  |  Help
Types of Loans

Thirty-Year Fixed Rate Mortgage
The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. This is a good deal in the long run, because you can lock in the rate for the life of your loan.

Fifteen-Year Fixed Rate Mortgage
This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you'll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn't that great.

Apply Now
Select a loan application:

GO

American Bank Center NMLS #466701
140 1st Ave W, Dickinson, ND  58601
Toll Free:  (877) 483-6811
Direct:  (701) 221-4726
homeloans4u@weareamerican.com
Copyright © 2018 American Bank Center
Privacy Policy  | Security Statement  |  Site Map