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Is the interest rate fixed for the entire term?

April 26, 2017entire fixed Interest rate term

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Is the interest rate fixed for the entire term?

1 Answer

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Our goal is to maintain interest rate for the Home Ownership Plan fixed for the term of the advance directly from HEA. Possible future drastic changes in prevailing market interest rate could, however, affect the interest rate of Home Ownership Plans offered in the future. Nevertheless, the Association guarantees to always maintain the interest rates for members at significantly lower levels than the prevailing market bank rates.