Fixed Rate Mortgages
Whether you are buying a new home or refinancing an existing one, BankGloucester offers a wide range of fixed rate loan products. A big advantage of fixed rate mortgages is that the rate is guaranteed for the life of the loan and, therefore, you can feel more secure knowing that your mortgage payment will remain the same. Choose from 10, 15 and 30 year terms.
Adjustable Rate Mortgages (ARMs)
With an adjustable rate mortgage from BankGloucester, you can take advantage of a lower initial rate than you'd get with a Fixed Rate Mortgage. Three, five and seven year programs are offered with features including periodic and lifetime rate caps.
Your Home Loan Toolkit can help you make good decisions
It can help you determine…
- What kind of Mortgage is right for your situation
- How much can you really afford
- What to expect in costs associated with closing
Consumer Handbook on Adjustable Rate Mortgages