These feature a fixed interest rate for the life of your loan, so your monthly payments (principal and interest) will always be the same. Most homebuyers choose 15- or 30-year fixed rate loans, although 10- and 20-year loans are also available. These are usually your best choice when interest rates are low and you plan to stay in your home for at least five years.

First Horizon's fixed rate mortgages include home loans for a variety of potential homebuyers. These include:

• Low down payment programs:  these are often ideal for first-time buyers and buyers who have not saved a large down payment, but prefer to buy a home and begin building equity immediately
• Balloon mortgages:  mortgages for homeowners planning to sell or refinance within seven years or want to enjoy lower interest rates and monthly payments when upgrading to a larger home
• Government programs:  home loans that are sponsored by the FHA (Federal Housing Administration) or VA (Veteran's Administration)
• Jumbo loan programs:  loans for homes over $417,000
• Second mortgages:  these are often combined with first mortgages to eliminate the need for private mortgage insurance (PMI)

These are just a few of our innovative fixed rate mortgages. Please ask your First Horizon relationship manager for details of other loans offered.