National Grand Bank also offers adjustable rate loans that have the advantage of lower initial payments, allowing for a larger purchase or re-finance. However, the rate may change after a fixed period of time, usually one, three, five or seven years.
This type of loan is most appropriate for those who seek flexibility for their finances. With interest rates dropping to historic lows over the past few years, this type of loan has become a very popular option.
The National Grand Bank makes all of its own lending decisions, our rates are highly competitive and our experienced mortgage professionals can advise you as to whether this is the right type of loan for your situation.
Equal Housing Lender