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Fixed Rate Mortgages
Fixed Rate mortgages guarantee that the interest rate you start with will remain constant throughout the life of the loan. We offer loan terms from 10 to 30 years to meet your needs. We can even customize your loan with features such as a buydown, which reduces your payment amount for the first few years, or a bi-weekly, which reduces the term and total interest payments over the life of the loan. We have pioneered the "piggy-back" mortgage, where we couple a second trust with our first trust. This eliminates the need for private mortgage insurance which reduces your monthly payment. We offer piggybacks with fixed or adjustable rate mortgages.
Adjustable Rate Mortgages
Adjustable rate mortgages have an interest rate that may increase or decrease depending on market conditions. The starting rate will generally be lower than a fixed rate mortgage. The change in the rate may occur at various intervals depending on the product you choose. We have interest rates with the first adjustment from one to ten years. Home Equity Loans
Now that you've built equity in your home, it makes good sense to put your house to work for you. That's easily done with our home equity loans. It is a great way to borrow for home improvement, a new car, bill consolidation, your children's education, or simply to give you the peace of mind that comes from knowing you have money available in case of an emergency. A home equity loan is ideal if you need a set amount of money for a specific purpose. It offers the security of equal monthly payments with a fixed interest rate, and the comfort of only borrowing what you need.
Equity Bridge Loan
If you need new home financing while waiting for your existing home to sell, we can help. Through our affiliation with PNC Bank, National Association, we can provide you with an Equity Bridge Loan that can use the equity in your current home toward the down payment on your new home.
Jumbo Loans
If your hard work has paid off and you're looking to build a distinguished home, we offer a jumbo loan that will make your dream a reality. The more you borrow, the more you may be able to maximize your tax deduction for mortgage interest.
You'll benefit from a quick application process with flexible underwriting. And, of course, you'll have the choice of a fixed or adjustable rate.
Please contact one of our Loan Officers for more information on other home financing products.
Programs subject to change without notice. |