You’ve found the house of your dreams, and you plan to live there forever. If this sounds like you, a Fixed Rate Conventional mortgage might be the right choice. It will provide you with the stability of an interest rate that will not change with the term of your loan. You may prepay your mortgage at any time without penalty, and can waive the escrow requirement for your taxes and insurance with at least 20% down and excellent credit. Down payments start as low as 3%.